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NVX, NOVONIX LIMITED
nipper
post Posted: Aug 1 2020, 05:03 PM
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Novonix Is Off The Blocks In The Race To Build A 'Million Mile' Battery By Tim Boreham
QUOTE
With ten million electric vehicles forecast to roll off the production line within five years, the industry is no longer in its infancy thanks in no small part to the commercialisation efforts of Elon Musk's Tesla.

With the role of the lithium-ion battery technology well entrenched, it's now a case of continuously improving the technology to win the faith of wavering consumers worried about battery durability, performance and, crucially, cost.
Just as runners strived to crack the four minute mile in the 1950s, the electric vehicle industry has set itself an informal target of achieving a battery life of one million miles (1.6m kilometres) roughly double the current maximum life expectancy.

As a pioneer of advanced battery materials the ASX listed technology house Novonix is playing a key role in cracking the battery equivalent of Roger Bannister's four-minute-mile in 1954.

"Our company's focus is to support long-life battery materials at lower cost," says Novonix chief operating officer Dr Chris Burns. "The growth in battery demand over the next decade is going to be huge and most of that is from electrical vehicle and energy storage systems."

Well before "pivoting" became fashionable, Novonix started out as an aspiring graphite miner, having listed as Graphitecorp in 2015. The company re-focused on downstream battery applications via the 2017 through acquiring Novia Scotia based Novonix, founded by Dr Burns and chief technology officer Dr David Stevens, and establishing PUREgraphite.

As it happened, the move was perfectly timed as it steered the company from the glutted markets for graphite and lithium, to the booming battery milieu.

Novonix's most advanced efforts are focused on PUREgraphite, its Tennessee based subsidiary. In the first quarter PUREgraphite began commercial production at its facility at Chattanooga, at the foot of the Appalachian Mountains.

"This is really our first commercial opportunity out of our research ecosystem," Dr Burns says.

Currently PUREgraphite is the only supplier of synthetic graphite for anode material in the US. Most global supply emanates from China, at a time when the coronavirus has highlighted the supply chain risks of relying on the Middle Kingdom.

According to Dr Burns, synthetic graphite is more conducive to longer battery life because of its superior purity and consistency compared with the natural product.

In order to be "battery ready", natural graphite requires multiple processes to reach upwards of 99.95 per cent purity. The synthetic product can obtain 99.999 per cent purity ... which in layman's terms is about as good as it gets.

In December last year Novonix announced its maiden deal to supply lithium-ion battery anode material to Korea electronics giant Samsung. The deal the first one in which Samsung has sourced material outside of Asia sees Novonix deliver 500 tonnes of material from October this year.

In January this year, Novonix followed up with a non-binding agreement to provide material to Sanyo. The two S's Samsung and Sanyo account for 40 per cent of the global lithium-ion battery market.

"We hope to advance both of these relationships significantly over this financial year," Dr Burns says.

Then there is the company's Battery Technology Solutions arm, which has patented a new method to make cheaper and better performing cathode materials.

The 'secret sauce' lies in the Novonix patented process called dry particle microgranulation (DPMG), which results in reduced wastage and lower costs.

DPMG involves consolidating fine materials into minute particles tens and microns wide. As a 'dry' process, it does not produce waste water and uses materials otherwise destined for the waste hopper.

"The cathode market is notably larger than the anode market, Dr Burns says. The material cost is two to three times higher and you need 1.5-2 times more kilograms per kilowatt hour of battery output than anode. It is a huge market.

Novonix's third research leg involves developing improved electrolyte systems ... another key aspect of lithium-ion batteries ... but it is a secondary priority behind the company's anode and cathode programs.

"We are in the process of filing our first patent around electrolyte systems and if we find some interesting things we will potentially use them with partners, or else license them," Dr Burns says. But the likelihood we ever become an electrolyte maker in our own right maker is quite small."

Hitherto reluctant investors have warmed to the Novonix story, with the shares rising more than five-fold since the start of April.

In part, the market's animal spirits were fuelled by unsubstantiated reports of Tesla's interest in the company. Novonix management has not commented on the rumours, but Dr Burns concedes they prompted investors to listen to the company's story "which frankly we have been telling for the last two years."

Reflecting the renewed interest investors flocked to the company's just-completed $63 million equity raising, by way of an oversubscribed institutional placement and rights offer along with a retail entitlement offer.

Of the proceeds $25.5 million will be used to tidy up the balance sheet by recouping convertible notes and repaying director loans. A further $23.5 million will be deployed to expand the Chattanooga facility to a 2000 tonnes per annum plant, with a five year target of 25,000 tpa and a ten year target of 100,000 tpa. A further $5 million is earmarked to develop the DPMG process.

On industry forecasts, the synthetic graphite anode material will soar from the current 115,000 tonnes per annum to 700,000 tpa by 2030. Electric vehicle output is predicted to rise to 10 million units in 2025 to 56m in 2040.

"Between the anode graphite and cathode market it's about a $US10 billion ($14 billion) market today, growing to $US50-100 billion over the next five to ten years," Dr Burns says.

History shows that Roger Bannister's record run was bettered after only 46 days and the performance bar is being raised in the battery space as well.

"The demand on those materials is for high performance and low cost and that's where all our innovation is focused," Dr Burns says.
https://www.sharecafe.com.au/2020/07/30/nov...n-mile-battery/



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jul 26 2020, 12:40 PM
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https://www.sharecafe.com.au/2020/07/24/nov...r-presentation/

18 minutes. Non Asian producer for EV materials



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jun 24 2020, 08:43 PM
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Tesla battery rumours drive shares in Novonix

http://www.smh.com.au/business/markets/aus...5549r.html?btis

QUOTE
Shares in a little known ASX-listed maker of battery technology for electric vehicles and energy storage systems have gone on a tear in recent weeks amid twin rumours of a deal with Tesla and the US government. Driving the share price were rumours on social media and stock forums that Tesla would announce at its "battery day" it would be using Novonix's technology in its new batteries.

But as the rumours dissipated and Tesla delayed its battery day to later this year, Novonix's market capitalisation [dropped]. On Monday the stock shot up again, the same day two executives told The Australian Financial Review it was working with "some folks in Washington on understanding the opportunity" for its products in the wake of limits on Chinese made products by the Trump administration.

Novonix is backed by the wealthy St Baker family from Brisbane and includes Washington H Soul Pattison's small cap fund and Regal Funds Management as significant shareholders. According to its annual report, Corporate Travel Management boss Jamie Pherous is a top 20 shareholder while former Dow Chemical chief Andrew Liveris is a director. Yet despite its lofty market capitalisation, Novonix reported half-year revenue of $2.67 million and a loss for the half of $6.97 million.

An issue of new shares helped to increase its market cap. The [cap] raising included a placement to St Baker Energy Innovation Fund, led by Trevor St Baker, the father of Novonix managing director Phil St Baker. Novonix directors also participated in the capital raising.

Novonix's shares nearly doubled from 68 to $1.21 on June 9 after it announced a "breakthrough" that would improve electricity density of EVs batteries and produce longer-lasting batteries.

Regal Funds Management was a key beneficiary of the recent share price rise after picking up 6.76 per cent stake on June 5 at between 29 and 68.

Asked by The Age and The Sydney Morning Herald last week about when the board was in receipt of the information that led to such a large share price surge and whether that was before the capital raising was launched, Mr Phil St Baker said: "Public communication relating to the technology update of June 9, 2020 to which you refer started on November 21 last year at the company AGM."

The November 21 statements failed to excite Novonix's shares which fell 1, or 3 per cent, to 36. Novonix did get a 8.6 per cent boost to its share price in December when it announced that it had sealed a supply deal with Samsung SDI which in turn supplied batteries, but that share price jump was still far below the June 9 spike.

Novonix also held an investor briefing on June 9 after announcing its "breakthrough" where chief operating officer Chris Burns was asked about the Tesla rumours.

"There's a lot of coverage around Tesla's expansion toward being vertically integrated and building their own cells. And so they would certainly fall in this list of companies that would be interested in working with us on our materials," he said in response to a question that had been emailed in by an investor and read out by a representative of a communications firm assisting with the briefing

Mr St Baker said the group had had confidentiality agreements in place with a number of players when asked about the Tesla rumours. "Battery cell makers supplying the automakers are the companies you need to be doing deals with if you're a battery materials company and that's exactly what Novonix is doing," he said. "Publicly available information shows that Tesla buys its battery cells from the established makers, while they are working toward potentially making their own cells in the future."




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: rlane  
 
nipper
post Posted: May 26 2020, 01:59 PM
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QUOTE
Street Talk understands the Capital Raising would be strucured as an $18 million placement and a $40 million accelerated non-renounceable entitlement offer and would be fully underwritten.

The offer would be priced at 29 a share. NOVONIX shares last traded at 66. Morgans was sole lead manager on the deal.

The $86 million NOVONIX supplies materials, equipment and services to the global lithium battery market. It counts ex-Dow Chemical chief executive Andrew Liveris as a board member.

NOVONIX's shares are trading up 112 per cent this month, after the company announced it had filed patent applications for a new method of manufacturing materials used in lithium batteries midway through May


- that's the way to get the money in the door, just after the rapid run-up in price. Hefty discount, though



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: May 15 2020, 02:22 PM
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been a long time between drinks. NVX saw a big jump in price today; up some 40% but that's off 4 year lows and only clawing back the market's Covid selldown that punished the small caps, especially those cash starved.

The news is that its research partners at Dalhousie University in Canada have developed a breakthrough method that can be applied to the manufacturing of both anode and cathode materials for lithium-ion batteries called dry particle microgranulation (DPMG).

From the announcement:
QUOTE
DPMG provides a method for synthesizing highly engineered particles through the consolidation of fine materials, that may otherwise be waste, into particles that can be tens of microns and suitable for use in lithium-ion batteries. The recent publication outlines methods of making spherical graphite for use in lithium-ion batteries with 100% yield where current methods have significant yield losses which increase the cost of manufacturing.

Patent applications protecting the DPMG process have been filed by NOVONIX under the commercialization arrangements with Prof. Obrovac and Dalhousie University.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Dec 9 2019, 05:33 PM
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https://smallcaps.com.au/novonix-long-term-...er-samsung-sdi/

QUOTE
In addition to the supply agreement, Samsung and Novonix have agreed to explore other opportunities for the supply of new graphite anode materials for electric vehicle use in Samsung’s products under a parallel research and development collaboration scheme. This could potentially lead to Novonix supplying other materials it develops or supplemental joint ventures within the energy and materials market.

Last month, Novonix’s subsidiary Novonic BTS scooped an innovation award at the Annual Discovery Awards held in Halifax, Nova Scotia with Novonix managing director Philip St Baker hailing the achievement as a demonstration of how ongoing development is benefitting the group as a whole.

“Novonix BTS is our centre of excellence which we are encouraging to continue to develop and evaluate new materials, work with major battery makers and OEMs and potentially incubate new technologies for commercialisation, all while continuing to provide industry-leading charger equipment to companies around the world,” he said.

The supply deal with Samsung could serve as a potentially huge boost for Novonix as it seeks to grow its suite of products alongside sales globally.

Samsung SDI is currently one of the leading manufacturers of rechargeable batteries for the IT industry, automobiles and energy storage systems (ESS), as well as cutting-edge materials used to produce semiconductors, displays and solar panels.

The Korean company has been selected as a core battery supplier for over 30 vehicle electrification projects and the first vehicles already on the road with Samsung SDI batteries currently being used in the Fiat 500e, BMW i3 and BMW i8 electric vehicles.

“Novonix is extremely honoured to supply Samsung SDI and we look forward to supporting them in delivering higher performance batteries to the global market,” said Mr St Baker.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 

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blacksheep
post Posted: Dec 9 2019, 11:04 AM
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NOVONIX TO SUPPLY SAMSUNG SDI AND PURSUE R&D COLLABORATION
QUOTE
NOVONIX Limited (ASX: NVX) is very pleased to announce that it has reached conditional
agreement to supply lithium-ion battery anode material to SAMSUNG SDI, an international
manufacturer of lithium-ion batteries.

The agreement is NOVONIX’s first for its recently launched “PUREgraphite Anode” product
and positions NOVONIX as a new supplier in this specialised battery materials market.
The agreement follows more than six months of technical evaluation of PUREgraphite Anode
material and is intended as a first phase of a long-term arrangement.

Under the agreement NOVONIX will supply SAMSUNG SDI an initial volume of 500 metric
tons in 2020, consistent with NOVONIX’s currently being installed production capacity, with
first deliveries forecast to commence in October 2020.
Larger volumes will be considered each year and will be subject to supply performance by
NOVONIX, market conditions and SAMSUNG SDI overall requirements.

NOVONIX’s PUREgraphite anode material will be manufactured at its facility in the United
States and will be exported to SAMSUNG SDI battery manufacturing facilities in other
countries.

Signing of the purchasing agreement for 500 metric tons in 2020 is subject to SAMSUNG
SDI’s required quality assurance processes and audit of supplier processes fulfillment.
Pricing is commercially sensitive and strictly confidential between the parties.
Financial implications for NOVONIX are material with sales under this agreement matching
the initial production capacity currently being installed at the PUREgraphite facility in
Tennessee.

NOVONIX will accumulate initial inventory prior to expected first delivery in October 2020.
SAMSUNG SDI and NOVONIX will also explore opportunities for the supply of new graphite
anode materials for Electric Vehicle use in Samsung SDI products under R&D collaboration.
NOVONIX Managing Director, Philip St Baker, said “NOVONIX is extremely honored to supply
SAMSUNG SDI and we look forward to supporting SAMSUNG SDI in delivering higher
performance batteries to the global market.”

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Oct 6 2019, 10:25 AM
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In Reply To: nipper's post @ Mar 11 2019, 02:45 PM

and back to 40c, though we have a broker (Morgans) putting a target of 65c on it:
QUOTE
....the company is in the final stages of fitting out new premises and expects to commission its first 500tpa of equipment in the current quarter. The first anode contract is expected in the third quarter of FY20.

Novonix has written down the value of its non-core Mt Dromedary deposit and the BTS business by -$11m and -$5m, respectively.

Morgans still believes there is potential value in Mt Dromedary, should it be sold, but based on values of listed graphite peers reduces assumed value.

Growth assumptions for BTS are also reduced in line with inflation. Speculative Buy (Add) rating maintained. Target is reduced to $0.65 from $0.75.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Mar 11 2019, 02:45 PM
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after a year of trending down, and settling around 40c, li'l ol' Li hopeful Novonix has put a bit back on, made it to 60c today. On no news; speeding ticket soon?

('twas a wonderfully symmetric "hope and reality" graph since listing 2 years ago.... 40c to two dollar, then back again.)



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Feb 4 2019, 10:46 AM
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Convertible Note for $10 million. Some buyers lining up but, so far, nothing on sell side.





--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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