One Major ASX Annoucement and Novonix is off again to new highs.
As these Major ASX Announcements get close, we need to remember how valuable a single Supply & Royalty Agreement will be for Novonix, in order to get to 1.5Million Miles EV Battery Makers need to purchase.
1. PUREgraphite anode material (Supply Agreement), AND 2. Single Crystal Cathode+DPMG (Royalty License Agreements) AND 3. NVX Premium Electrolytes (Royalty License Agreements).
Without paying Novonix for all three components of the EV battery, they can't get to 1.5million miles.