Managing Director, Philip St BarkerSourced: Novonix
- Novonix (NVX) has been appointed by Lake Resources (LKE) to produce high-performance lithium-ion battery test cells using Lake's lithium carbonate
- Under the agreement, the company will receive lithium carbonate samples from Lake
- The samples will be used with commercial battery cathode precursor materials to form an NMC622 cathode and battery
- Lake's Managing Director, Steve Promnitz, says Novonix is a highly-respected and groundbreaking battery testing company
- On the market this morning, Novonix is up 11.8 per cent and is trading for $1.71 per share, while Lake is up 6.25 per cent and is trading for 3.4 cents per share