Incorrect Luke. Novonix is already generating cash.
Novonix already generates $4.5Million in sales of its HPC Testing equipment from their Novonix BTS Division. This is growing by 30-40% per annum.
They have more than enough cash to qualify their two new breakthrough products, DPMG and Single Crystal DPMG with this Capital Raising that was completed yesterday and was over heavily subscribed.
The US Govt loans discussed in the Australian Financial Review article will enable Novonix to expand the PUREgraphite plant in Chattanooga and build new factories....
We just need to let Novonix dot the i's and cross the t's!
Hope that helps!
Media Watch - NVX related, page-127
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