"My foggy memory is telling me that Stellalis was 10k tonnes, with an option to lower that by up to %20, depending on whether certain milestones were met."
minimum 86.5k
"BRISBANE, Australia, November 11, 2024 - NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials and technology company, and Stellantis NV (“Stellantis”), a leading automotive company, today announced the signing of a binding offtake agreement for a minimum of 86,250 tonnes, up to a target volume of 115,000 tonnes of high-performance synthetic graphite material. The material will be supplied to Stellantis’ cell manufacturing partners in North America over a six-year term starting in 2026 from NOVONIX’s Riverside facility and a planned expansion site"
NVX Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held
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