Novonix Limited provides quarterly report for the quarter ended 30 June 2022

Novonix Limited (ASX: NVX) provided an update on quarterly activities for the quarter ended 30 June 2022:

• In the June quarter, the company used a net cash of AU$7.9 million in its operating activities. Cash receipt during the period was AU$2.5 million.
• On 06 June 2022, Novonix Limited announced the delivery of its first-of-its-kind, custom-designed microgrid battery prototype in partnership with Emera Technologies.
• The company’s management continues to assess opportunities to develop the Mt. Dromedary high-grade graphite deposit asset located in Northern Queensland, Australia.
• During the June quarter, it has submitted a U.S. Department of Energy application for funding support for the planned 30,000 tons per year expansion via the Bipartisan Infrastructure Act.

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