NOVONIX Ltd (NVX.AX) Govt. of Canada Invests in Novonix Dartmouth Battery Facility

Brisbane, Australia (ABN Newswire) - - The Government of Canada has announced an investment of $500,000 in NOVONIX Ltd (ASX:NVX) by way of an interest-free loan to help fund the Company's 100%-owned Dartmouth, Nova Scotia-based battery cell pilot manufacturing line.

- The funding was announced by Darrell Samson, Member of Parliament for Sackville-Preston-Chezzetcook, on behalf of the Honourable Navdeep Bains, Minister for Innovation, Science and Economic Development and Minister responsible for Atlantic Canada Opportunities Agency (ACOA).

- The Canadian Federal funding is being allocated through ACOA's Business Development Program which supports small and medium-sized enterprises.

- Industry and government representatives attended the announcement including NOVONIX founders Dr Chris Burns and Dr David Stevens, and Professor's Jeff Dahn and Mark Obrovac from Dalhousie University where NOVONIX was spun-out from.

To view the Government Release, please visit:
http://abnnewswire.net/lnk/12H48V27

About NOVONIX Ltd:

NOVONIX Limited (ASX:NVX) (FRA:GC3) is an integrated developer and supplier of high performance materials, equipment and services for the global lithium-ion battery industry with operations in the USA and Canada and sales in 14 countries.

NOVONIX is majority-owner of the PUREgraphite battery anode material Joint Venture, headquartered in Chattanooga, Tennessee, USA.

NOVONIX's mission is to accelerate the adoption of batteries for a cleaner energy future.

Source:

NOVONIX Ltd

Contact:

Greg Baynton
Executive Director
Phone: +61-414-970-566
Email: [email protected]

Philip St Baker
Managing Director
Phone: +61-438-173-330
Email: [email protected]
Website: www.novonixgroup.com