NOVONIX Limited secured a definitive Funding Agreement with Yorkville Advisors Global, LP for up to US$95,000,000 in exchange for up to US$100,000,000 of convertible debentures. This funding will support the build-out of the Riverside facility in Chattanooga, Tennessee, enabling commercial production of synthetic graphite for lead customer Panasonic. NOVONIX plans to strengthen American manufacturing and create jobs while establishing a domestic supply chain for synthetic graphite in North America.

The Funding Agreement includes multiple tranches, with Yorkville providing up to US$57,000,000 initially and potentially an additional US$40,000,000 subject to shareholder approval. This funding could reach a total of US$95,000,000 if all debentures are issued and drawn down. Debentures issued are convertible into NOVONIX shares. With the Riverside facility scaling up to 20,000 tonnes per annum, NOVONIX aims to meet growing demand for high-performance synthetic graphite in the battery, defense, and industrial sectors, positioning Chattanooga as a hub for production in North America.

Read more at GlobeNewswire: NOVONIX Announces Entry into Funding Agreement for up to