NVX 0.71% 70.5¢ novonix limited

Media Watch - NVX related, page-11095

  1. Sy8
    617 Posts.
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    Re: Ability to Scale.
    The company has entered Due Diligence with the DoE LPO, under the ATVM program. To get to this point the formal application has been accepted. This hasn’t happened overnight. The LPO, which has access to thousands of Scientists, Engineers and Specialists, have formally assessed and accepted the projects - “Technical and Financial viability”.

    The Due Diligence stage is when 3rd party analysts are engaged for review & and the term sheet is negotiated.
    Link to a video from the loan process from DoE
    https://m.youtube.com/watch?v=HmDwPVcSPeU

    Billion $ projects take time to come together. The DoE LPO is a great partner, they offer a lot of support along the way & have a great record of their investments succeeding.
 
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