GOVERNMENT OF CANADA INVESTS $500,000 IN NOVONIX DARTMOUTH FACILITY, NOVA SCOTIA
GOVT OF CANADA INVESTS IN NOVONIX DARTMOUTH BATTERY FACILITY
Brisbane, Feb 12, 2019 AEST (ABN Newswire) - - The Government of Canada has announced an investment of $500,000 in NOVONIX Ltd (
ASX:NVX) by way of an interest-free loan to help fund the Company's 100%-owned Dartmouth, Nova Scotia-based battery cell pilot manufacturing line.
- The funding was announced by Darrell Samson, Member of Parliament for Sackville-Preston-Chezzetcook, on behalf of the Honourable Navdeep Bains, Minister for Innovation, Science and Economic Development and Minister responsible for Atlantic Canada Opportunities Agency (ACOA).
- The Canadian Federal funding is being allocated through ACOA's Business Development Program which supports small and medium-sized enterprises.
- Industry and government representatives attended the announcement including NOVONIX founders Dr Chris Burns and Dr David Stevens, and Professor's Jeff Dahn and Mark Obrovac from Dalhousie University where NOVONIX was spun-out from.
To view the Government Release, please visit:
http://abnnewswire.net/lnk/12H48V27
About NOVONIX Limited
NOVONIX Limited (ASX:NVX) (FRA:GC3) (OTCMKTS:NVNXF) is an integrated developer and supplier of high-performance materials, equipment and services for the global lithium-ion battery industry with operations in the USA and Canada and sales in more than 14 countries. NOVONIX's mission is to support the global deployment of lithium-ion battery technologies for a cleaner energy future.
| ||
|
