read report - $7.7 mil capital expenditure to finalise production at commercial scale for panasonic.
Capital Expenditures
The Company invested US$7.7million in the second quarter of 2024, primarily for production assets at
its Riverside facility in Tennessee to meet the 3,000 tpa of capacity at year-end 2024 and a small portion
for the cathode pilot line in Nova Scotia. NOVONIX has received US$1.1 million in reimbursements from
the grant awarded by DOE MESC office through 30 June 2024.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-4
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