NOVONIX has developed a new environmentally friendly process to produce graphite anode material for lithium-ion batteries in the United States. Demand for artificial graphite anode material is increasing exponentially due to electrical vehicle and renewables growth. Currently the supply Chain is reliant on Asia, primarily China, for these critical materials. To address the need for a USA-based lithium-ion battery supply chain, NOVONIX Anode Materials is scaling its multiple facilities in Chattanooga, Tennessee, providing a source of high-performance anode material required for long-life batteries.
19 October 2022 Zufishan Anjum ASX Compliance Pty Limited Level 4, Exchange Centre 20 Bridge Street Sydney NSW 2000 By email: tradinghaltssydney@asx.com.au Dear Zufishan, Request for Trading Halt – Novonix Limited Pursuant to Listing Rule 17.1, Novonix Limited (ACN 157 690 830) (ASX: NVX) (NVX) requests a trading halt be granted by the Australian Securities Exchange (ASX) in respect of NVX's ordinary shares from the commencement of trading on 19 October 2022. For the purposes of Listing Rule 17.1, NVX provides the following information: 1 NVX is seeking the trading halt as it expects to make an announcement to the ASX in connection with a material funding arrangement; 2 NVX requests that the trading halt remain in place until the earlier of NVX making an announcement to the market about the material funding arrangement and the commencement of trading on 21 October 2022; and 3 NVX is not aware of any reason why the trading halt should not be granted, or of any other information available at this stage that is relevant to the trading halt.
(Congrates, I think when it opens you get a nice pop. If it gaps, I hope you trade it)