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NOVONIX Ltd (ASX:NVX) Equity Raising For Scale-Up of Anode Materials Production
Equity Raising For Scale-Up of Anode Materials ProductionBrisbane, Feb 25, 2021 AEST (ABN Newswire) - NOVONIX Limited ( OTCMKTS:NVNXF) is pleased to announce that it is undertaking a capital raising to raise approximately $146 million, comprising: - a fully underwritten placement to institutional and sophisticated investors to raiseapproximately $115 million within NOVONIX s current placement capacity under ASXListing Rule 7.1 (Institutional Placement), through the issue of 39.7 million NewShares (representing approximately 11.3% of the total shares of the Company prior tothe issue of New Shares); - subject to obtaining shareholder approval and completion of the Institutional Placementand SPP, a non-underwritten placement of new shares, at the same issue price pernew share as the Institutional Placement, to each of the following directors of the Company or entities associa ....
OTCMKTS:NVNXF) provides the following update regarding the planned delivery schedule for the contract to supply Samsung SDI with 500 tons of the PUREgraphite synthetic anode material for use in Lithium Ion batteries. As previously advised, Novonix is in the process of expanding its production capacity for battery-grade synthetic graphite material. The initial phase target capacity is 2,000 tons/annum and will utilize proprietary new furnace technology developed under Novonix s strategic alliance with US-based Harper International Corporation ( Harper ). In this context, Novonix and Samsung SDI have agreed that the full production qualification program should be based around material produced in the 2,000 ton per year expansion. ....
NOVONIX Ltd (ASX:NVX) Strategic Alliance on Specialized Furnace Technology
Strategic Alliance on Specialized Furnace TechnologyBrisbane, Dec 22, 2020 AEST (ABN Newswire) - NOVONIX Limited ( OTCMKTS:NVNXF) is pleased to announce a strategic alliance with US-based Harper International Corporation ( Harper ) to develop specialized furnace technology that will enhance Novonix s synthetic graphite manufacturing process. This alliance specifies commitments from Novonix to purchase from Harper, and from Harper to develop and supply Novonix with proprietary systems for thermal processing material for the battery anode market. Harper traces its name and technological roots back to John L. Harper, who patented the first electric furnace in the early 1900 s. Today Harper, based in Buffalo, N.Y., is recognized as an industry leader with operational experience focused on engineering and manufacturing of high temperature thermal processing systems. ....