2023, page-83

As a new shareholder, I read and researched NVX over the past few days,
Initially, announcements were confusing and unclear to me,
But, after drawing a diagram and connecting pieces of information, now I can imagine what is going on there.
So, for new shareholders like myself, I am sharing the connected pieces of information here.
Hope to be helpful.
Please correct my information if any part of that is not right.

US $150 Loan: from US Gov to NVX in order to construct a new big factory. Current stage: phase 2 application
NVX works on 2 different category:

• First: Syn Graphite for Anode,
• Plant at Riverside (area), current phase: Installation of equipment.
• Greenfield (the US based Giga factory ): The future plant to produce 75,000 tpa Syn Graphite (12,000 tpa of the product goes to KORE Power), Current phase: Location finding
• Technical agreement with Phillips 66 to advance Syn graphite
• Another agreement with Phillips 66 for production and commercialization
• Agreement with KORE Power: starts to deliver 3,000 tpa in 2024 and ramping to 12,000 tpa in 2028

• Second: All Dry Syn Cathode Tech (Patent Pending) = DPMG process,
• 8 Nov launched the pilot plant (Canada), Current phase: internal testing produced material

It seems to me that the $150 mil loan will go to Philips for the construction of the Greenfield Giga factory.