Announcement of expansion of anode materials business

“NOVONIX is under contract to purchase, and plans to retrofit, the former Alstom building, which will be the company’s second facility in Chattanooga. The 400,000+ square-foot plant will accomodate a planned 8,000+ tonne per year production operation and will join the existing operations located at 353 Corporate Place where the company has been since 2019. This expansion plan will bring the Company’s total production capacity of anode materials to 10,000 tonnes per year and is expected to come online by 2023 and is underpinned by the funding received from the Company’s recent successful equity capital raise on the ASX earlier this calendar year.”

“We are excited to be announcing this next phase of expansion of our anode materials business in Tennessee. Chattanooga has been a great location for our operations over the past four years, and we look forward to growing the company in the expanding south-east hub of electric vehicle battery manufacturing. We look forward to continuing to work with the great people in Chattanooga, Hamilton and the State of Tennessee as we help establish the domestic supply chain of key materials for the lithium-ion battery sector.” - Chris Burns, CEO, NOVONIX.

"When companies like NOVONIX choose to expand in Tennessee, it underscores our state's business-friendly environment, highly skilled workforce, and reputation for automotive strength. This project and the creation of nearly 300 new jobs will have a lasting impact on the Chattanooga community and Tennessee's economy." - Governor Bill Lee

“I’m very excited about the expansion by NOVONIX. Almost 300 new jobs will do wonders for the local economy. My thanks to the local officials and TNECD for their aid in making this happen.” - Rep. Yusuf Hakeem (D-Chattanooga)

Full ASX announcement: NOVONIX Announcement