Update: Novonix Shares Rise After Delivery of First Commercial-Grade Sample of Synthetic Graphite
MT Newswires Live
Sep 30
(Updates with the latest stock movement in the headline and first paragraph.)
Novonix (NVX) shares were up over 16% in recent Monday trading after the company said it has delivered its first commercial-grade sample of synthetic graphite for industrial applications to an undisclosed North American carbon processor customer.
The company said it provided an industrial-grade mass production sample, which enables a faster path to market than battery-grade synthetic graphite.
Target supply volumes will be defined once final product qualification has been completed and a definitive supply agreement has been established with the customer, Novonix said.
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