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Stock impact report

NOVONIX Completes Independent Engineering Assessment of Riverside Facility [Yahoo! Finance]

NOVONIX Limited (NVX) 
Company Research Source: Yahoo! Finance
materials and technology company, has announced that an independent assessment of the Company's Riverside production facility in Chattanooga, Tennessee has been completed by Hatch Ltd, a global engineering and consulting firm. The assessment considered various topics including the evaluation of operations, project execution, and financial model assumptions as well as the graphite market, production technology, environmental considerations, feedstock, and supply agreements. With the independent engineering review completed, NOVONIX remains on track for its initial 3,000 tonnes per annum (tpa) of commercial production capacity at the Riverside facility by the end of 2024 with all primary production equipment in place or ordered. NOVONIX will continue to provide updates regarding production milestones at its Riverside facility. Dr. Chris Burns, CEO of NOVONIX, remarked, "The completion of the independent engineering review provides us with a high degree of confidence as we advance ou Show less Read more
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