"NOVONIX and PowerCo SE Sign Binding Offtake Agreement • Offtake for a minimum of 32,000 tonnes of NOVONIX’s high-performance synthetic graphite material to be supplied to PowerCo from 2027-2031 BRISBANE, Australia, November 25, 2024 - NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials and technology company, and PowerCo SE (“PowerCo”), today announced the signing of a binding offtake agreement for a minimum of 32,000 tonnes of high-performance synthetic graphite material. The material will be supplied to PowerCo over a five-year term starting in 2027."
Just waiting for ours or Mitsui, Canada............. to drop an announcement like this. I note "Offtake for a minimum of 32,000 tonnes " is only 10,000 ish Tonnes of Hazer hydrogen. The scaling up occurring and reactor improvements for them are going to pay us sooner than latter.
Well done Novonix. Graphite miners may be worried.
HZR Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
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