PUREgraphite has been selected to receive a US$5.57M grant

“Novonix is pleased to announce that its wholly owned, U.S.-based subsidiary, PUREgraphite, has been selected to receive a US$5,577,738 grant under the Advanced Manufacturing Office FY20 Critical Minerals FOA (Funding Opportunity Announcement).

This U.S. Department of Energy FOA specifically highlighted processing of battery critical minerals including synthetic graphite. The submission from PUREgraphite, based in Chattanooga, Tennessee, was the only graphite-based project to be funded under this FOA.”

PUREgraphite is partnering with Harper International and Phillips 66 for this funding opportunity.

Novonix CEO Dr. Chris Burns said: ”We are excited to receive this show of support from the U.S. Government and to be working with Harper International and Phillips 66 on this project. This award demonstrates the commitment by the Government to support the establishment of a domestic supply of high-performance battery materials. It also highlights the expertise, progress, partners and technology we have assembled at PUREgraphite”.

Harper International Vice President, Paul Elwell, said: ”We are delighted by the selection of this innovation project by the U.S. Department of Energy. This decision highlights the significance of our close collaboration with the Lithium-Ion battery material specialists at PUREgraphite as we develop and validate next-generation thermal process technologies to address the nation’s critical supply chain needs”.

Also announced on Monday of this week, was the appointment of Professor Jeff Dahn as Novonix’s Chief Scientific Adviser. Prof. Dahn is currently the NSERC/Tesla Canada Industrial Research Chair at Dalhousie University.

You can read the full ASX announcement HERE