No that is incorrect. Novonix is sitting on $30m in cash and future expansion with debt.
Phil St Baker and Dr Chris Burns as late as this week confirmed they will be using debt funding, cheap low interest rate US Govt loans to expand.
Dr Chris Burns mentions debt expansion from the 5min 25sec mark to expand above 2,000tpa.
Ann: Notice of Annual General Meeting/Proxy Form, page-17
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