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NOVONIX Limited Updates on Share Purchase Plan & SAMSUNG SDI Agreement

1 min read | January 07, 2020 01:12 PM AEDT | By Utkarsha Kalra
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Battery materials developer, NOVONIX Limited (ASX: NVX) has provided January 2020 update. Its share purchase plan is closing on 10 January 2020 (extended) for shareholders on records on 13 December 2019.

  • NVX intends to utilise proceeds to fulfil capacity for SAMSUNG SDI agreement, and R&D processes to improve scalability.
  • NVX would supply an initial volume of 500 metric tons in 2020, and both parties would explore R&D opportunities.

By 01:03 PM AEDT, NVX was trading at $0.48, up by 1.05 per cent from the previous close.

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