Quarterly Activities Report January - March 2022

Contents

  • NOVONIX Notable Milestones
  • Quarterly Activities Report (January - March 2022)
    • Corporate Update
    • NOVONIX Anode Materials (NAM) Update
    • Battery Technology Solutions (BTS) and Cathode Synthesis Technology Update
  • Appendix
    • Phillips 66 Highlight
    • Strategic Relationship with Kore Power
    • Jean Oelwang Appointed to NOVONIX Board

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

January 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

09 Aug 2021: Phillips 66 announced US$150m strategic investment in NOVONIX, advancing NOVONIX's production of synthetic graphite for high- performance lithium-ionbatteries

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-basedKORE Power to advance and strengthen the domestic lithium-ionbattery supply chain

Today

21 Jan 2021: NOVONIX Anode Materials selected to receive US $5.57mm grant from the US Department of Energy

19 Feb 2021: Emera and NOVONIX partner on innovative residential energy storage technology

Apr 2021: Completed installation of first Generation 2 furnace system built by Harper under our strategic partnership program and initiated build of first Gen 3 furnace

20 Oct 2021: Zhanna Golodryga joins the Board of Directors as Phillips 66 right to nominate a Director. Ms. Golodryga is the SVP, Chief Digital and Administrative Officer for Phillips 66

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

January - March 2022

  • Filed 20-F Registration Statement Publicly with the SEC, Commencing Process for Nasdaq Listing - 9 January 2022
  • Phillips 66, NOVONIX Sign Technology Development Agreement to Advance Production of Anode Material for Lithium-Ion Batteries in North America - 19 January 2022
  • Named to the 2022 OTCQX Best 50, an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market - 24 January 2022
  • Closed Anode Material Supply Agreement and Strategic Investment in US-based KORE Power - 31 January 2022 (see slide 10)
    • NOVONIX to be the exclusive supplier of graphite anode material to KORE Power's US operations
    • NOVONIX to invest $25M USD for an approximately 5% stake in KORE Power
  • Commenced trading on Nasdaq - 1 February 2022
  • Celebrated milestone Nasdaq listing with ringing of closing bell - 24 February 2022
  • Released half yearly report and accounts - 24 February 2022
  • Appointed Jean Oelwang to Board of Directors - 1 March 2022 (see slide 11)
  • CEO, Chris Burns presented at the 34th Annual ROTH Investor Conference - 15 March 2022
  • Management continues to assess opportunities to develop the Mt. Dromedary high grade graphite deposit asset located in Northern Queensland, Australia
  • A total of $290,949 AUD was paid to related parties (directors and Nick Liveris) and their associates for salaries, director fees and superannuation during the quarter ended 31 March 2022
  • Cash balance as of 31 March 2022: $211,829,000 AUD

ASX: NVX Nasdaq: NVX OTCQX: NVNXF

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NOVONIX Anode Materials Activities

January - March 2022

  • Production Equipment and Capacity:
    • Corporate Place development center completed all equipment installation for Generation 2 furnace lines and associated process equipment
    • First two Generation 3 furnace systems installed at Riverside and commissioning continues to progress and on track to meet ongoing production targets
  • Entered first large volume supply agreement with KORE Power to start deliveries in 2024 (see slide 10)
  • Continued engagements with Samsung SDI and Sanyo and other tier 1 cell and automotive manufacturers for capacity planning for next production facility
  • Technology Development Agreement signed with Phillips 66 with leverage both parties' expertise to collaborate on development and optimization of feedstock and anode processing with the goal higher performance, lower carbon intensity materials
  • Continue to engage and progress relationships with multiple international partners for potential technology partnership opportunities and monitor clean energy policies in North America and Europe and liaise with relevant agencies
  • NOVONIX's GX-23 grade of material highlighted for its superior cycle life performance in Chief Scientific Advisor, Jeff Dahn's presentation "More than One Million Miles and a Century of Life" at the International Battery Seminar
  • Preparing for government funding opportunities through the Bipartisan Infrastructure Law (DE-FOA-0002678), the Defense Production Act (invoked by President Biden on March 31, 2022) and the Department of Energy Loan Program Office all to provide support for the domestic processing of critical materials such as graphite for batteries for electric cars and clean-energy storage systems

ASX: NVX Nasdaq: NVX OTCQX: NVNXF

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Novonix Ltd. published this content on 15 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2022 22:42:05 UTC.