With NVX plant rated to have a 6000tpa output and the offtake...

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sewell64

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26/11/24

17:05

Post #: 76787829
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Originally posted by NavyDiver: ↑

>30% jump caused by

"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.

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With NVX plant rated to have a 6000tpa output and the offtake deal 32000t over 5 years, maybe a Hazer tech plant could top up the balance.

HZR Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
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