Ann: NOVONIX Business Update, page-54

Riverside plant footprint is 400,000 s/ft Just under 10 acres,
From Q2 2024 if required should be able to produce approx 20,000t/yr

The VW site is 182 acres with an original expected capacity of 75,000t, initially starting with 30,000t.

An $800m loan incurs an annual interest cost of $32m (4% rate)
Attempting to pay 2% principal increases the finance expense to $48 million approx in the first year.
I’m aware the loan amount could be staggered so would indicate a slightly lower cost but at some point that loan would be fully drawn & the realities of the interest costs are unavoidable.

Graphite prices are extremely low due to Chinese oversupply, this will pan out during 2025 as US initiatives take affect.
2026 is when margins & US demand increases as supply struggles to keep up.
So taking on a $800million loan right now & building a plant under previous plans to be in production by 2025 would be financial suicide.
It would be 12 months premature & at an unsustainable cost.

So either the loan requirement needs to be reduced or production increased.
The 12 month delay allows both to be achieved for a better overall outcome.

Also.. Novonix cannot be compared to Magnis or Syrah Resources. This is like comparing a milky bar, a Mars bar and a box of assorted chocolates.
Novonix - Anode - cathode - BTS Equipment-electrolytes etc..

The most important difference is Novonix can produce Graphite within the US border without the reliance of any other country, Magnis or Syrah both require natural graphite to be supplied by other countries.