It looks like the public has lost patience with NVX.
We just need to let the company continue to work on achieving milestone events, as we have discussed previously.
We were going through the Novonix Annual Report today and found this below on Page 17.
Novonix will be the first North American company to manufacture EV grade Graphite Anode from its Ultra High Graphite PUREgraphite plant in Chattanooga, Tennessee in Q1 2019.
This is particularly important given that almost 100% of the world's graphite is supplied by China, hence the risks for US EV, Grid and Military demand for graphite for lithium batteries stated below by the US Department of Defense.
"Department of Defense Action PlanThe Report, "Assessing And Strengthening the Manufacturing and Defense Industrial Base and Supply Chain Resiliency of the United States", was completed pursuant to a Presidential Executive Order issued July 21, 2017, The Report directs the U.S. Secretary of Defense to "provide the President with a set of specific actions to address any identified risks and gaps" in the Defense Industrial Base supply chain.To that end, the Report directs the Pentagon to take actions that include:
"Expanding direct investment in the lower tier of the industrial base through DoD's Defense Production Act Title III, Manufacturing Technology, and Industrial Base Analysis and Sustainment programs to address critical bottlenecks, support fragile suppliers, and mitigate single points-of-failure.
"Diversifying away from complete dependency on sources of supply in politically unstable countries who may cut off U.S. access; diversification strategies may include reengineering, expanded use of the National Defense Stockpile program, or qualification of new suppliers.
"With the U.S. currently 100% import-dependent for natural graphite and with China the world's leading graphite producer, timely and adequate graphite supply meets the "single point-of-failure" criteria as outlined in the Report.
"The Report's recommendation of direct investment in companies developing domestic sources of strategic and critical materials is a welcome sign," commented Mr. Huston, "given that graphite is essential to so many battery applications and energy storage systems required by the defense sector and commercial sectors alike."Graphite as Critical Material According to the Report, "China represents a significant and growing risk to the supply of materials deemed strategic and critical to U.S. national security," including a "growing number of both widely used and specialized metals, alloys and other materials….
"The last unclassified National Defense Stockpile Requirements Report - completed by the Department of Defense for the U.S. House and Senate Armed Services Committees -- projects an 83,000 metric ton shortfall for graphite in one of its main crisis scenarios. According to the Pentagon, the new Defense Industrial Base Report ("Pentagon Report") is a "whole-of-government effort to assess risk, identify impacts, and propose recommendations in support of a healthy manufacturing and defense industrial base - a critical aspect of economic and national security," which involved the White House, the Department of Defense, six other cabinet departments (Commerce, Labor, Energy, Homeland Security, Interior, and Health and Human Services) as well as the Office of Management and Budget and intelligence agencies.
This is something that Novonix has mentioned in its presentations over the last few months.
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