See below from TLG's Feasibility Study.....

Talga's CAPEX is actually $US1.24Billion ($A1.78Billion) for production from 2025if everything goes 100% smoothly and to plan with the Pilot Plant, then Production Plant...that is a lot of dilution!

TLG have got a lot of hurdles to jump before any revenue or sales dollars come in the door for them....from 2025 at best! Good Luck Gasper




Novonix will be expanding well beyond 100,000 tonnes per annum of its PUREgraphite anode production, via low interest rate US Govt Loans negotiated by US Admiral Rob Natter and Dr Chris Burns, not by issuing shares.

https://www.novonixgroup.com/our-people/admiral-robert-j-natter/

https://www.novonixgroup.com/our-people/dr-chris-burns/

This article in the Australian Financial Review from June 2020 discusses Novonix's expansion plans via Cheap US Govt Loans and not via issuing and diluting shares....and it is more relevant today, than it was in June...

Why the US could tap ASX-listed battery materials maker

Battery materials company Novonix Limited says COVID-19 might have slowed electric vehicles sales in the short term but it has sharpened Washington’s focus on investing in non-China supply chains.

Novonix has caught the eye of the US government after establishing itself as a credible non-Chinese supplier of synthetic graphite anode material and a potential ground-breaker in cathode technology.

The company, which has Washington H. Soul Pattinson and Regal Funds Management as substantial shareholders, is looking to build on an initial supply agreement with Samsung to fund ambitious growth plans.

But it could also tap into attractive US government loan packages aimed at supporting advantaged manufacturing as Washington seeks to cut its reliance on China.

Novonix is also trying to patent technology it has developed around producing single-crystal cathode materials that are vital in producing longer life, or so-called million-mile, batteries.

Working in Novonix’s favour is that its board includes former DowDuPont executive chairman Andrew Liveris and former US Atlantic fleet commander in chief Robert Natter.

The company also has the backing of coal baron Trevor St Baker. His son Philip is the managing director.

Novonix chief executive Chris Burns and Mr Natter have been doing the rounds in Washington and having some input on legislation around critical minerals.

“There is no question this has been an active area for us and when we look at North America and the US specifically, they have identified this as a national security issue with the reliance on China,” Dr Burns said.

Critical minerals

“We are continuing to work with some folks in Washington on understanding the opportunity here and how we can provide a domestic alternative.”

Dr Burns, who founded Novonix after working as a battery engineer with Tesla and alongside lithium-ion battery pioneer Jeff Dahn at Dalhousie University in Halifax, said COVID-19 could help accelerate government investment in critical minerals and battery materials supply chains because it had highlighted how reliant the US and other countries were on China.

"Countries are becoming more aware and putting more focus on investing on development outside of China," he said.

The US is dependent on imports of synthetic graphite and China dominates global supply.

ASX-listed Novonix does produce its graphite anode materials in Chattanooga, Tennessee, and it is based on US precursors and technology. The company's other research and development facilities are in Canada.