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    NVX   AU000000NVX4

NOVONIX LIMITED

(NVX)
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Delayed Australian Stock Exchange  -  12:11 2022-11-29 am EST
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Novonix : Quarterly Activities and Quarterly Cash Flow Report

07/26/2022 | 06:12pm EST

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

ASX: NVX Nasdaq: NVX OTCQX: NVNXF

2

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

ASX: NVX Nasdaq: NVX OTCQX: NVNXF

3

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

ASX: NVX Nasdaq: NVX OTCQX: NVNXF

4

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

ASX: NVX Nasdaq: NVX OTCQX: NVNXF

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

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.


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