It was a Q&A format with a 5 minute introduction to Novonix. No...

It was a Q&A format with a 5 minute introduction to Novonix. No PowerPoint slides.

The highlights were:

Lots of capital raising options are being explored for future expansion:

• energy loan office
• grants
• discussions with OEMs and battery manufacturers for funding for allocation of anode material.
• probably something else I missed

Chris said there were non-public OEMs and battery manufacturers validating their anode material and within the following months or before the end of this year some of these will be announced.

Some of the equipment needed for the big blue facility has arrived late, but they're still on track from end of 2023 when KorePower goes online. Renovation of big blue almost done, things are being commissioned, etc.

Lots of comparisons about graphite, why synthetic is better, why cycle life is becoming a factor.

Something along the lines of - the graphite anode makes up 10-11% of the cost of the battery, if manufacturers/OEMs can pay 10% more and get a better anode material that's only a 1% increase in the battery cost. And we can see that the demand is not affected when prices increases and he gave the example of the cost of a Tesla increasing.

At the end he made mention of BTS and cathode materials, something about the next 12-18 months.