• Panasonic C-sample of synthetic graphite delivered
• Mass production expected to begin in the second half of 2027
• Successful institutional placement and SPP launch
• U.S. Government policy focus on domestic graphite industry
• BTS divestiture completed

Novonix Ltd delivered a C-sample of synthetic graphite anode active material to Panasonic Energy, marking a significant milestone in commercialization. The company raised A$21.66 million through an institutional placement and share purchase plan, with proceeds intended to support ongoing operations and capital expenditures. U.S. government policies are actively supporting the establishment of a domestic graphite supply chain, with ongoing trade investigations and initiatives to strengthen domestic critical mineral processing. Novonix continues to engage with U.S. authorities to influence policy in favor of domestic graphite production. The company also completed the divestiture of its Battery Technology Solutions division to focus on its core synthetic graphite production.

Novonix expects to commence commercial production for Panasonic in the second half of 2027.

Novonix is optimistic about its strategic focus on synthetic graphite production and the potential benefits from U.S. government policies aimed at supporting domestic graphite supply chains.