Media Watch - NVX related, page-5852

US BIF funding of $100 Million (assumption), first scaling contract secured with Kore Power starting at 3000T to 12,000T over 5 years in 2024. Samsung SDI and Sanyo qualification should be completed this year and they have factories now that can place orders in 2022/2023 scaling as each furnace is commissioned.

Novonix would have over AUD $350 million in cash (if grant is available) for project expansion and should qualify for US DOE Loan Program for additional capital, CEO has stated this is the intention for future capital. Tho, if required, I do believe that the NASDAQ listing is there if both BIF grants and DOE Loan funding falls over.

This will keep future dilution minimal and keep execution risk down as they scale up over the next few years. Still a lot of unknowns for the Cathode Division at this stage, but, if successful, it will be the most advanced and environmentally sustainable manufacturing process, just need to be proven at scale and qualification undertaken.