Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-38

The unfortunate reality we might have to accept is Riverside is unlikely to be generating revenue until 2025, far from ideal so we just have to hope their logic pays off.
Here’s hoping a pre payment contract will be negotiated prior, it’s not uncommon.

For now I see Novonix taking advantage of this in-between time to test & fine tune their chemistries at a commercial level using their Gen 3 equipment before Riverside goes into full production.
GX-23 is only one of their intended SG products so I assume we will hear about others in time.

As announced today their GX-23 Synthetic Graphite finally meets all their requirements using their Gen 3 furnaces.
I see that as huge, indicating this particular product is ready for market & of course Nvx are hopefully satisfied with their Gen 3 furnace equipment.
Finally we will have mass production samples sent to prospective customers, not just Panasonic & Samsung either.

It’s extremely important to remember there’s very few anode & sg contracts being announced so it’s not as if Novonix are missing out.