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NOVONIX Limited (ASX:NVX)

ALERT: Price-sensitive ASX Announcement for NVX
Current share price for NVX : $0.078 -0.02 (-20.41%)+
Announcement
Release
10 Sep 2026 8:57AM
Price at Release
$0.098
Full Release
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Summary
NOVONIX Limited announced that its lead customer’s testing of the initial shipment of a mass production qualification C-sample of synthetic graphite anode active material met 12 of 14 specification parameters, with one of the two remaining items within about 1% of the requirement and the other assessed on a pass/fail basis under the customer’s criteria, while NOVONIX’s own internal testing indicated all specifications were met. The company said qualification is a rigorous and iterative process affected by differences in testing methods and conditions, and that the customer feedback has enabled it to identify actions to address the remaining parameters as it progresses toward full-scale commercial production. CEO Mike O’Kronley said the results support targeted work toward final material confirmation and the broader goal of building a secure North American battery materials supply chain. NOVONIX continues to expect mass production sales to its lead customer to commence in the second half of 2027, subject to successful completion of qualification, and reiterated its role as a Chattanooga-headquartered battery materials company focused on scaling synthetic graphite anode materials for lithium-ion batteries.
Key Points
  • NOVONIX received lead customer testing results for its initial mass production qualification C-sample of synthetic graphite anode active material.
  • The customer found the material met 12 of 14 specification parameters.
  • Of the two unmet specifications, one was within approximately 1% of the requirement and the other was judged under a pass/fail testing criterion.
  • NOVONIX said its internal testing showed the material met all required specifications.
  • The company identified actions to address the remaining specification parameters based on customer feedback.
  • NOVONIX said qualification of anode active materials is rigorous and sensitive to differences in testing equipment, protocols and environmental conditions.
  • The company still expects mass production sales to its lead customer to begin in the second half of 2027, subject to successful qualification.
  • CEO Mike O’Kronley said the progress supports development of a secure North American battery materials supply chain.
  • NOVONIX is headquartered in Chattanooga, Tennessee and is focused on synthetic graphite anode materials for lithium-ion batteries.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.