NOVONIX Receives Approval for Purchase of Enterprise South Land for Planned Enterprise South Manufacturing Facility
NOVONIX Limited (NVX)
NASDAQ:AMEX Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=nac
Company Research
Source: GlobeNewswire
BRISBANE, Australia, March 13, 2025 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or “the Company”), a leading battery materials and technology company, announced today, that it has received unanimous approval from each of the City of Chattanooga and Hamilton County for the purchase of a 182-acre parcel of land for its second mass production plant (“Enterprise South”). Enterprise South will be acquired for approximately US$4.6 million and will be subject to the satisfaction of certain conditions to be specified in the purchase and sale agreement. The Company also received an estimated US$54 million in net tax and other benefits to be realised over a 15-year period and are subject to the satisfaction of a number of conditions. These transactions remain subject to final approval by the Chattanooga Industrial Development Board. To meet increasing customer demand, the Company previously announced plans for its next large-scale synthetic graphite manufacturing
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NVX
News
- NOVONIX (ASX:NVX) Valuation in Focus After Stellantis Ends Offtake Deal [Yahoo! Finance]Yahoo! Finance
- Novonix surges after hailing critical operational milestone for synthetic graphite [Seeking Alpha]Seeking Alpha
- NOVONIX Achieves Critical Operational Milestone [Yahoo! Finance]Yahoo! Finance
- NOVONIX Achieves Critical Operational MilestoneGlobeNewswire
- NOVONIX (NASDAQ:NVX) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=NVX&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> to aMarketBeat
NVX
Sec Filings
- 12/16/25 - Form 6-K
- 12/15/25 - Form 6-K
- 12/8/25 - Form 6-K
- NVX's page on the SEC website