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

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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

ASX: NVX Nasdaq: NVX OTCQX: NVNXF

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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

ASX: NVX Nasdaq: NVX OTCQX: NVNXF

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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.