Media Watch - NVX related, page-8173

Yeah be nice to hear something prior to Xmas. Getting plenty of media attn.

https://reneweconomy.com.au/nine-australian-miners-poised-to-ride-the-green-minerals-wave/amp/

1. Novonix (NVX.AX $1.3bn, 77.5% 5Y Growth)

Novonix is a synthetic graphite anode material manufacturer that will supply low-carbon intensity, high performance, large-scale anode material for US EV and energy storage supply chains. Novonix is currently constructing its first mass-production facility in Tennessee, US, with capacity of 10ktpa of synthetic graphite. The firm aims to also construct a new plant of 30ktpa capacity for the EV industry. The plants will create 1,000 jobs in the process.

Leveraging domestic raw material supply and energy-efficient processes, Novonix states it will be able to supply the US anode supply chain with a 60% reduction in carbon intensity relative to current Chinese synthetic graphite operations. Novonix was awarded a US$150m federal grant from the DoE. Novonix will supply the remaining capex, estimated at US$877m.