Research analysts covering NOVONIX.
Recent press releases and 8-K filings for NVX.
NOVONIX Provides Q4 2025 Operational and Financial Updates
NVX
Guidance Update
Debt Issuance
Demand Weakening
- NOVONIX updated its production timelines, with mass production of industrial-grade anode materials expected to commence in 2026, while mass production for Panasonic Energy is now anticipated in the second half of 2027.
- The company's offtake agreement with Stellantis NV was terminated in November 2025 due to an inability to agree on battery cell product specifications and mass production qualification milestones.
- NOVONIX completed a US$100 million Convertible Debenture Transaction with Yorkville Advisors in 2025, fully fulfilling the funding commitment.
- The company reported a cash balance of US$81.3 million as of December 31, 2025, and an estimated 8.4 quarters of funding available.
Jan 29, 2026, 11:44 AM
NOVONIX updates Panasonic Energy off-take mass production timeline
NVX
Guidance Update
- NOVONIX Limited announced an update to the expected timing for commencement of mass production of anode material for its lead battery material customer, Panasonic Energy, as of January 16, 2026.
- Mass production of anode material for Panasonic is now expected to begin in the second half of 2027, a delay from the previously indicated early 2026 timeline.
- The company still expects to begin mass production of industrial-grade graphite in 2026.
- This revised timeline for Panasonic is attributed to the rigorous qualification process for anode materials, which can vary based on customer-specific material requirements and qualification protocols.
Jan 16, 2026, 11:51 AM
NOVONIX Ltd. Details Production Expansion, Financing, and Offtake Agreements
NVX
New Projects/Investments
Debt Issuance
Revenue Acceleration/Inflection
- NOVONIX is significantly expanding its synthetic graphite production, with the Riverside facility scaling to 20k tpa (tonnes per annum) and the new Enterprise South facility projected to add 31.5k tpa, aiming for a total capacity exceeding 50k tpa.
- The company has secured substantial funding, including a US$754 Million Conditional Commitment Loan from the U.S. Department of Energy for its Enterprise South expansion and a US$100 Million funding agreement with Yorkville for Convertible Debentures.
- NOVONIX holds binding offtake agreements, notably a 5-year commitment for a minimum of 32,000 tonnes with PowerCo starting in 2027, and is supplying mass production samples to Panasonic Energy in 2025. Total secured offtake volumes are projected to reach 120,000 TPA by 2031.
- In September 2025, NOVONIX delivered its first mass production, commercial-grade synthetic graphite sample for industrial applications to a major North American carbon processor, diversifying its market reach beyond battery applications.
Dec 1, 2025, 11:32 PM
NOVONIX announces termination of offtake agreement with Stellantis subsidiary
NVX
Demand Weakening
New Projects/Investments
Guidance Update
- On November 4, 2025, NOVONIX Limited announced that FCA US LLC, a subsidiary of Stellantis NV, terminated its offtake agreement with the company, effective immediately.
- The termination occurred because NOVONIX and Stellantis were unable to agree upon unique battery cell product specifications and milestones for mass production qualification.
- The original agreement, announced in November 2024, was for a minimum of 86,250 tonnes up to a target volume of 115,000 tonnes over a six-year term, with commercial supply targeted for January 1, 2026.
- Despite this decision, NOVONIX remains focused on deliveries for Panasonic and PowerCo, and continues to provide samples to 15 current and potential customers.
- NOVONIX's Riverside facility is expected to begin mass production next year for Panasonic, and with the planned Enterprise South facility, the company anticipates a total production capacity of over 50,000 tonnes per year.
Nov 3, 2025, 11:03 PM
NOVONIX Announces Q3 2025 Highlights, Funding, and Operational Milestones
NVX
Debt Issuance
New Projects/Investments
Management Change
- NOVONIX secured up to US$100 million in Convertible Debentures from Yorkville Advisors, with $49.4 million in cash received subsequent to Q3 2025 through the report date, contributing to a cash and cash equivalents balance of $44.745 million USD at the end of Q3 2025.
- The company achieved a critical operational milestone by delivering its first mass production, commercial-grade sample of synthetic graphite for industrial applications and completed installation of mass production equipment for its lead customer, Panasonic.
- The U.S. Department of Commerce issued a preliminary determination imposing antidumping tariffs ranging from 93.5% to 102.7% on imported battery-grade graphite from China.
- NOVONIX Battery Technology Solutions was selected to receive up to CAD $5 million in non-dilutive grant funding and secured patents in the U.S. and Europe for its all-dry cathode synthesis technology.
- The company sold its Mt Dromedary Natural Graphite Project for AUD $2 million to focus on synthetic graphite production.
Oct 30, 2025, 12:52 PM
NOVONIX Announces Drawdown of Additional Convertible Debentures
NVX
Debt Issuance
Convertible Preferred Issuance
- NOVONIX Limited has announced the drawdown of an additional tranche of US$40,000,000 (US$38,000,000 net of a 5% discount) in convertible debentures from YA II PN, Ltd, an affiliate of Yorkville Advisors Global, LP.
- This additional tranche was approved by shareholders at an Extraordinary General Meeting held on September 8, 2025, and is expected to be completed in the coming days.
- This funding is part of a definitive Funding Agreement with Yorkville, which allows for the issue of up to US$100,000,000 of unsecured convertible debentures in total.
- The company had previously fully drawn the first and second tranches, totaling US$57,000,000 (with an aggregate face value of US$60,000,000).
Oct 27, 2025, 9:51 PM
NOVONIX Limited Reports New Substantial Shareholder
NVX
Convertible Preferred Issuance
- YA II PN, Ltd. became a substantial holder in NOVONIX Limited on October 13, 2025.
- This substantial holding comprises 87,358,939 fully paid ordinary shares, representing 11.03% of the company's voting power.
- The shares were acquired through the exercise of convertible securities on October 9, 2025, and October 13, 2025.
Oct 16, 2025, 9:17 PM
NOVONIX LIMITED Announces Quotation of New Shares Following Debenture Conversion
NVX
Convertible Preferred Issuance
Delisting/Listing Issues
- On October 15, 2025, NOVONIX LIMITED filed an application for the quotation of 48,044,482 new Ordinary Fully Paid shares.
- These shares were issued as a result of the conversion of 16,500,000 convertible debentures, with an estimated value of $0.532800 AUD per security for the consideration.
- Following this quotation, the total number of Ordinary Fully Paid shares on issue will be 840,041,949, while 40,000,000 convertible debentures (NVXAH) will remain unquoted.
Oct 14, 2025, 9:41 PM
NOVONIX LIMITED Announces Quotation of New Ordinary Shares
NVX
Delisting/Listing Issues
Debt Issuance
- NOVONIX LIMITED (NVX) announced an application for the quotation of 68,059,769 new ordinary fully paid securities on October 13, 2025.
- These new securities were issued as a result of the conversion of 20,000,000 convertible debentures (ASX code NVXAH) on October 11, 2025.
- The estimated value of the consideration provided per security for the conversion was A$0.448400.
- Following this quotation, the total number of ordinary fully paid securities on issue for NVX will be 791,994,989.
Oct 14, 2025, 10:20 AM
NOVONIX Limited Applies for Quotation of New Shares Following Convertible Debenture Conversion
NVX
- NOVONIX Limited filed a 6-K on October 9, 2025, announcing an application for the quotation of new securities.
- A total of 29,213,548 new Ordinary Fully Paid shares (NVX) are to be quoted on the ASX, issued on October 9, 2025.
- These shares resulted from the conversion of 8,000,000 convertible debentures (NVXAH).
- The estimated value of the consideration per security for this conversion is $0.416300 AUD.
- Following this quotation, the total number of Ordinary Fully Paid shares on issue will be 723,935,220.
Oct 8, 2025, 10:49 PM
Quarterly earnings call transcripts for NOVONIX.
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