• Drawdown of additional US$40M convertible debenture tranche
• Funding to support battery materials and technology development
• Total funding of up to US$100M secured through Yorkville agreement

Novonix Ltd, a leading battery technology company, has announced the drawdown of an additional US$40 million (US$38 million net of a 5% discount) convertible debenture tranche as part of a US$100 million funding agreement with Yorkville Advisors Global, LP. This additional tranche was approved by shareholders at the Extraordinary General Meeting held on 8 September 2025. The total funding of up to US$100 million was provided in exchange for the issue of unsecured convertible debentures to Yorkville. Both the first and second drawdowns, totaling US$57 million (with an aggregate face value of US$60 million), have been fully drawn. The additional US$38 million tranche is expected to be completed in the coming days. The funding will support Novonix's ongoing battery materials and technology development initiatives, including the manufacturing of industry-leading battery cell testing equipment, the growth of its high-performance synthetic graphite material operations, and the development of its patented all-dry, zero-waste cathode synthesis process. Through advanced R&D capabilities, proprietary technology, and strategic partnerships, Novonix continues to strengthen its position in the electric vehicle and energy storage systems battery industry, contributing to a cleaner energy future.

Novonix remains focused on revolutionizing the global lithium-ion battery industry with its innovative, sustainable technologies, high-performance materials, and more efficient production methods. The company is committed to localizing the battery supply chain for critical materials and playing a leading role in the transition to cleaner energy solutions.