Maybe you are on the money with the Grant vs Loan.
I just went back over the updated BIF grant announcement when Novonix switched targets to redeploy these funds from the Greenfields site to its existing Riverside facility.
The verbiage about the Greenfields site is now talking about the DoE ATVM Loan to fund upwards of 80%. This would make sense if both grant and loan cannot be used in the same scale up.
However, I would also like to throw out that Novonix was intending to scale 30,000TPA with the Greenfields build using the BIF grant, but the same facility was also being built to accommodate an additional 45,000TPA scale up capacity, bring that one site to 75,000TPA capacity. Could Novonix have found a loop hole for double dipping in the the Grant and accessing the Loan Program at the same time, grant for the 30,000TPA and Loan for the additional 45,000TPA?? Something to think about.
NVX Price at posting:
69.5¢ Sentiment: Buy Disclosure: Held
(20min delay)