Quarterly Activities Report
April - June 2022
TOC
- NOVONIX Notable Milestones
- Quarterly Activities Report (April - June 2022)
- Corporate Update
- NOVONIX Anode Materials (NAM) Update
- Battery Technology Solutions (BTS) and Cathode Synthesis Technology Update
- Appendix
- Phillips 66 Highlights
- Life Cycle Assessment
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NOVONIX Notable Milestones
19 Jan 2021: Leading researcher, Dr. Jeff Dahn appointed as Chief Scientific Advisor, effective July 2021
12 Feb 2021: NOVONIX entered a new five-yearresearch sponsorship agreement with Mark Obrovac's Research Group of Dalhousie University
26 Feb 2021: Completion of ASX equity raise of A$115m to support growth of NOVONIX Anode Materials with an additional ~A$16m from directors
23 Nov 2021: Ceremonial opening of NOVONIX's new Riverside facility attended by US Secretary of Energy, Jennifer Granholm
31 Jan 2022: Executed supply and investment agreements for ~12,000 tonnes with US- based KORE Power to advance and strengthen the domestic lithium-ion battery supply chain
29 Jun 2022: Announced final results of a Life Cycle Assessment (LCA) conducted by Minviro, demonstrating NOVONIX's GX-23synthetic anode graphite provides an approximate 60% decrease in global warming potential relative to conventional anode grades
January 2021 | Today |
21 Jan 2021: NOVONIX Anode Materials selected to receive US $5.57mm grant from the US Department of Energy for development of high efficiency continuous graphitization furnace technology with Harper Intl.
19 Feb 2021: Emera and NOVONIX partner on innovative residential energy storage technology
09 Aug 2021: Phillips 66 announced US$150m strategic investment in NOVONIX, advancing NOVONIX's production of synthetic graphite for high- performance lithium-ionbatteries
19 Jan 2022: Phillips 66 and NOVONIX sign Technology Development Agreement to advance the production and commercialization of anode materials for lithium-ion batteries
01 Feb 2022: American Depositary Receipts commenced trading on the Nasdaq and celebrated the milestone by ringing the Closing Bell
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Corporate Activities
April- June 2022
- CEO, Chris Burns presented at the Citi Lithium & Battery Day - 26 May 2022
- In partnership with Emera Technologies, NOVONIX announced delivery of their first-of-its-kind,custom-designed microgrid battery prototype - 6 June 2022
- CEO, Chris Burns presented at the Stifel Cross Sector Insight Conference - 8 June 2022
- Announced final results of a Life Cycle Assessment (LCA) conducted by Minviro, demonstrating NOVONIX's GX-23 synthetic anode graphite provides an approximate 60% decrease in global warming potential relative to conventional anode grades - 29 June 2022
- Management continues to assess opportunities to develop the Mt. Dromedary high grade graphite deposit asset located in Northern Queensland, Australia
- Cash balance as of 30 June 2022: $207,084,000 AU
- Payments to Related Parties - a total of $308,000 was paid to directors and their associates for salaries, directors fees and superannuation for the quarter ended 30 June 2022
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NOVONIX Anode Materials Activities
April- June 2022
- Production Equipment and Capacity:
- Corporate Place:
- Completed full furnace and mill equipment installation in Corporate Place to support anode material mass production sampling and qualification
- Riverside:
- Completed all major building and utility upgrades to Riverside facility needed for production and laboratory work
- Accomplished successful operational trials of first Gen3 furnace system, collecting operational data to enable continued engineering and optimization for long-term reliability and performance
- Ordered additional furnaces and supporting equipment for full Riverside capacity build out to 10,000 tons per year in support of supply contract with KORE Power
- Submitted US Department of Energy application for funding support of planned 30,000 tons per year expansion through the Bipartisan Infrastructure Act (DE-FOA- 0002678)
- In final site selection process for next production facility
- Continuing engagements with Samsung SDI and Sanyo, and other tier 1 cell and automotive manufacturers for capacity planning in next production facility
- Released finalized Life Cycle Assessment of NOVONIX's GX-23 grade of synthetic graphite showing a ~60% reduction in carbon intensity compared to synthetic graphite produced through the typical process in China
Post-Quarter Events:
- Announced participation in the Future Ready Institutes of Hamilton County program to establish the NOVONIX Institute of Advanced Battery Materials which will support local work force development within Tennessee
- Continuing active engagements with multiple international partners for potential technology partnerships
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Novonix Ltd. published this content on 26 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2022 22:11:06 UTC.