Welcome to our dedicated page for Novonix news (Ticker: NVNXF), a resource for investors and traders seeking the latest updates and insights on Novonix stock.
NOVONIX Limited reports developments in advanced battery materials, synthetic graphite production and battery technology. Company news centers on its North American anode materials operations in Chattanooga, including the Riverside project, commercial-grade synthetic graphite production, battery cell testing equipment and its patented all-dry, zero-waste cathode synthesis process.
Recurring updates also cover U.S. trade actions affecting battery-grade graphite and anode active materials, tax-credit certifications for advanced energy projects, material agreements, shareholder voting matters, governance items and capital-structure disclosures for the foreign issuer and its traded securities.
Phillips 66 (NYSE: PSX) has announced its agreement to acquire a 16% stake in NOVONIX Limited (ASX: NVX, OTC: NVNXF) for US$150 million. This investment aims to bolster the U.S. battery supply chain and supports NOVONIX’s capacity expansion to produce synthetic graphite, crucial for lithium-ion batteries. The deal involves Phillips 66 subscribing to 77,962,578 ordinary shares and will allow them to nominate one director on NOVONIX's Board. The investment aligns with Phillips 66’s commitment to lower-carbon solutions and is subject to NOVONIX shareholders' approval.