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.
2023, page-83
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