NOVONIX Limited announced on July 23, 2025, the entry into a definitive Funding Agreement to secure up to US$95,000,000 through unsecured convertible debentures with Yorkville Advisors Global, LP. In exchange, NOVONIX will issue up to US$100,000,000 of these convertible debentures. This agreement provides crucial additional capital for the company's ongoing expansion efforts.
The proceeds from these convertible notes are specifically allocated for the continued build-out of the Riverside facility in Chattanooga, Tennessee. Mike O’Kronley, CEO of NOVONIX, stated that the company will begin shipping commercial-grade synthetic graphite from Riverside later in 2025, with mass production for its lead customer, Panasonic, starting in 2026. This marks a critical milestone for establishing a domestic supply chain.
The funding supports NOVONIX's focus on significantly increasing the production of essential critical minerals, strengthening American manufacturing, and creating high-quality jobs. The Riverside facility is poised to become the first large-scale production site for high-performance synthetic graphite for the battery, defense, and industrial sectors in North America. This capital infusion is vital for meeting increasing customer demand and scaling operations.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.