Novonix Ltd
ASX:NVX

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Novonix Ltd
ASX:NVX
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Price: 0.525 AUD 1.94% Market Closed
Market Cap: 441m AUD

Novonix Ltd
Investor Relations

NOVONIX Ltd. is an integrated developer and supplier of materials, equipment and services for the global lithium-ion battery industry with operations in the U.S. and Canada. The company is headquartered in Brisbane, Queensland. The company went IPO on 2015-12-02. The firm is focused on the investment in scalability efforts to improve production capacity of anode materials, commercialization of the Company's cathode technology, as well as expanding cell assembly and testing capabilities. The firm operates through three segments: Graphite Exploration and Mining, Battery Technology, and Battery Materials. The Battery Materials segment develops and manufactures battery anode materials. The Battery Technology segment develops battery cell testing equipment, performs consulting services, and conducts research and development in battery development. Its anode materials business, PUREgraphite, has developed an environmentally friendly process to produce lower-cost graphite anode material for lithium-ion batteries in the United States.

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Last Earnings Call
Fiscal Period
Q1 2025
Call Date
Apr 30, 2025
AI Summary
Q1 2025

Leadership Change: Michael O'Kronley was appointed as the new CEO, effective May 19.

Expansion: Secured a 182-acre site in Chattanooga for a second mass production facility, Enterprise South.

Capital Raise: Raised over $25 million in January, with continued support from Phillips 66 and a completed $20 million share repurchase.

Production Progress: Continued equipment installation and commissioning at Riverside, targeting 3,000 tonnes per annum as an initial milestone.

Customer Demand: Riverside facility’s capacity is already oversold through offtake agreements with Panasonic, Stellantis, and Powerco.

Financial Position: Ended March with a cash balance of $47.9 million.

Government Support: Ongoing receipt of U.S. Department of Energy grant funding and pursuit of a $754 million DOE loan for Enterprise South.

Macro Risks: Tariffs and macroeconomic factors are impacting input costs and equipment timing, with management closely monitoring.

Key Financials
Cash Balance
$47.9 million
Capital Raise
$25 million
Share Repurchase
$20 million
Phillips 66 Investment
$5 million
Riverside Facility Initial Milestone
3,000 tonnes per annum
Riverside Facility Planned Capacity
20,000 tonnes per annum
Enterprise South Planned Capacity
31,500 tonnes per annum
DOE Loan Conditional Commitment
$754 million
Earnings Call Recording
Other Earnings Calls
2025
2024

Management

Dr. John Christopher Burns
Chief Executive Officer
No Bio Available
Ms. Rashda M. Buttar
Chief Legal & Administrative Officer
No Bio Available
Mr. Ronald Cleve Edmonds B.B.A., CPA
Interim Executive Officer of Finance & Director
No Bio Available
Mr. Robert B. Long
Chief Financial Officer
No Bio Available
Mr. Darcy MacDougald
Chief Operating Officer
No Bio Available
Prof. Jeffrey Dahn
Chief Scientific Advisor
No Bio Available
Lori Mcleod
President of Battery Technology Solutions
No Bio Available
Ms. Suzanne Margaret Yeates B.Bus, C.A.
Financial Controller & Company Secretary
No Bio Available

Contacts

Address
QUEENSLAND
Brisbane
Level 8, 46 Edward Street
Contacts