附录99.1

主要亮点

诺维尼克斯 特斯拉-负极材料

NOVONIX电池科技解决方案

诺维恩公司更新

首席执行官的留言

2024年第三季度对于NOVONIX（或“公司”）来说是一个稳步进展和战略执行的时期。以下报告提供了我们的关键活动、成就、重要里程碑和某些财务指标的概览。

本季度，公司正在与潜在客户就我们的高性能合成石墨产品进行商业讨论和资格认证计划，并持续看到对本地生产的电池材料的强劲需求。 NOVONIX继续在我们的Riverside设施接收、安装和调试设备，以实现我们最初的0.3万吨产能的建成，该产能将于2025年上半年开始控件，以支持我们计划中的2025年底为Panasonic能源开始生产。

NOVONIX还与CBMm和 ICoNiChem 签订了联合开发协议，以测试其用于锂离子电池的材料输入，目标是开发性能更好、成本更低的阴极活性材料。根据协议，NOVONIX将使用其拥有专利的全干法、零废物合成工艺来合成、测试和分析将整合 CBMM 的铌产品系列和 ICoNiChem 的回收原料的 CAm。这些输入材料还有潜力减少某些电池材料原料，降低电池的环境影响。我们的新型工艺继续通过更可持续的方法以更低成本生产与市场上领先产品性能相匹配的 CAm。

在本季度，我们欢迎Robert Long加入我们的高管团队，担任新任首席财务官。Long先生在金融和高管领导方面拥有超过25年的经验，曾在上市公司和私人公司担任要职，我们很幸运能有他加入团队。

展望我们的第四季度，我们将继续专注于维持增长轨迹并为公司在2025年开始在里弗赛德进行商业规模生产做好准备。我们正在与潜在客户进行持续讨论，以确保为我们的阳极设施获得额外的供应承诺，并继续为加强北美地区的本地电池供应链做出贡献。
 

Chris Burns博士，首席执行官，诺沃尼克斯

诺维尼克斯 特斯拉-负极材料

NOVONIX特斯拉-负极材料（“NAM”）是领先的国内电池级合成石墨供应商，专注于大规模和可持续生产，推动北美电池供应链的发展。利用专有的合成石墨工艺技术、研发能力和战略合作伙伴关系，该公司处于有利地位，可以加速过渡到更清洁的能源未来，帮助建立竞争力强大的北美合成石墨供应链。

NAm一直在与一线电芯制造商和汽车OEM进行讨论，以便推广其高性能合成石墨负极材料。本季度，在Riverside设施安装了新设备，以支持到2025年上半年在Riverside安装3,000吨/年的生产能力，并已收到并订购了额外的设备，以支持在2025年底开始生产。与此同时，NAm正在继续通过与LG能源解决方案的联合研发协议推进材料创新，重点是为锂离子电池开发合成石墨负极材料。

2024年9月30日结束的九个月中，从DOE MESC拨款中获得了900万美元的报销，以及先前公布的单位经济数据 (见下方)。

图2 当河滨设施达到每年20,000吨的目标产能时的预期

公司还在推进在美国东南部建设新的生产设施的计划，该设施将首先具有30,000吨/年的产能，并计划将其扩展到75,000吨/年。NOVONIX已与LPO就潜在的ATVm贷款进行了讨论，以支持这个潜在生产设施的建设。公司的长期目标是将生产能力至少提高到150,000吨/年的合成石墨，以满足预期客户需求。

松下能源和KORE Power

河滨工厂将于2025年上半年接收、安装和调试初始3000 tpa的设备，并计划于2025年底投入运营，以支持与Panasonic能源和KORE Power的供应协议。这一可用产能将使NOVONIX能够完成与Panasonic能源和KORE Power的资格认定工作，并在2025年底开始着手商业生产合成石墨。

The Panasonic Energy binding offtake agreement with NOVONIX is for the supply of at least 10,000 tonnes of high-performance synthetic graphite anode material over four years from 2025-2028. The material will be supplied to Panasonic Energy’s North American operations from our Riverside facility.

Under the KORE Power agreement, NOVONIX is the exclusive supplier of high-performance synthetic graphite anode material for KORE Power’s planned KOREplex facility in Arizona. This supply agreement targets an initial supply of 3,000 tpa, scalable to 12,000 tpa based on their needs and timing.

Figure 3 Path to commercial production at Riverside

NOVONIX Battery Technology Solutions

NOVONIX Battery Technology Solutions (“BTS”) stands at the forefront of battery research and development. This division of NOVONIX, located in Nova Scotia, Canada, meets customer needs in two critical ways: battery testing equipment and research and development services. This quarter, BTS made improvements to its hardware offerings including its thermal chambers, which now provide higher current ranges, remote temperature control, and new cell form factors such as 4680 cylindrical cells. The BTS team continues to advance discussions with potential partners while fortifying its customer pipeline for its services and hardware including its Ultra-High Precision Coulometry (“UHPC”) systems. NOVONIX’s UHPC systems are designed for clients seeking state-of-the art battery testing equipment for their laboratory research, product development, and manufacturing environments.

In August, BTS hosted members of Canadian Parliament at its facility in Dartmouth, Nova Scotia. The Honourable Francois-Phillippe Champagne, Minister of Innovation, Science, and Industry, The Honourable Lena Metlege Diab, The Honourable Darren Fisher, and The Honourable Andy Fillmore met with Dr. Chris Burns and Lori Mcleod, President of BTS, to discuss the battery ecosystem in Canada and

the revolutionary solutions NOVONIX is providing to the battery industry. Ms. Mcleod also represented NOVONIX at Entrevestor Live 2024 in September where industry participants explored how North American companies, like NOVONIX, are driving innovation and building a thriving domestic hub for the battery industry.

Patent Granted for Graphite/Silicon Alloy Composite Material in Europe

In the third quarter, a European patent was granted for the graphite/silicon alloy composite material previously granted in Japan in the second quarter. This patent covers a new type of anode active material for lithium-ion battery applications combining a silicon alloy material within a graphite matrix and the method of making the same. Examination of additional patent members for this anode active material will take place over the coming months.

Strategic Partnership with Voltaiq

In October, Voltaiq, an industry leader in battery quality analytics software, and NOVONIX announced a strategic partnership aimed at revolutionizing the battery industry's approach to quality control and efficiency. NOVONIX had previously been developing its own data and analytics offering to support its needs and look at leveraging potential AI and machine learning integration. Through this partnership with Voltaiq, NOVONIX will work with Voltaiq to integrate these features into Voltaiq’s platform. The partnership represents a significant step forward in addressing industry challenges, combining Voltaiq's best-in-class battery quality analytics software with NOVONIX’s UHPC equipment, as well as its expertise in battery R&D and materials development.

Key highlights of the partnership include:

NOVONIX Cathode Materials

NOVONIX continues its strategic and commercial discussions with Tier 1 cathode manufacturers, cell manufacturers, and OEMs, regarding the Company’s cathode materials and patented1 technology while

1 June 27, 2024 – NOVONIX Granted Patent for All-Dry, Zero-Waste Cathode Synthesis/

providing product samples to potential customers leveraging its 10 tpa pilot line. NOVONIX is committed to a phased commercialization strategy that leverages our existing expertise, strategic partnerships, and ongoing R&D to position our CAM processing technology to have a transformative impact on the lithium-ion battery sector.

This quarter, Dr. Mark McArthur, Director of Research & Development at NOVONIX, spoke at The Nickel Institute’s Battery Day and the 63rd Annual Conference of Metallurgists on our patented all-dry, zero-waste, cathode synthesis process.

Joint Development Agreement with CBMM

During the third quarter, NOVONIX and CBMM, the world leader in the production and commercialization of niobium products, announced the signing of a joint development agreement focused on nickel-based cathode materials. Under the agreement, NOVONIX will use its patented all-dry, zero-waste synthesis process to synthesize, test, and analyze CAM that will incorporate CBMM’s suite of niobium products with the goal of developing a CAM with improved performance at a lower cost.

NOVONIX will utilize its cathode pilot line and BTS capabilities to characterize the materials under the project through their physical and electrochemical performance, including building full scale pouch cells for benchmark evaluation. CBMM will provide various materials throughout the project to compare and demonstrate optimal performance in NOVONIX’s cathode powders. Upon successful completion of

Collaboration Agreement with ICoNiChem

In October, NOVONIX also announced the signing of a Joint Collaboration Agreement with ICoNiChem focused on the development of nickel-based CAM. ICoNiChem is an expert in transition metal chemistry

specialising in cobalt and nickel compounds made from 100% ethically source feedstocks to modern industries across the globe.

NOVONIX and ICoNiChem have been selected for funding under the 2024 Canada-UK critical minerals call for proposals, which is focused on advancing projects related to critical minerals essential for industries like renewable energy, electric vehicles, and electronics. To support their participation in the project, BTS is receiving advisory services and up to CAD $127,928 in funding from the National Research Council of Canada Industrial Research Assistance Program (“NRC IRAP”), while ICoNiChem is receiving support through Innovate UK. The 2-year project, with a total budget of CAD $515,686 between NOVONIX and ICoNiChem, aims to further improve the sustainability of the NOVONIX all-dry, zero-waste technology by incorporating recycled metal feedstock, such as cobalt and nickel carbonates and oxides, into the process.

Upon successful completion of milestones, NOVONIX may enter into commercial agreements for ICoNiChem products with the goal of integrating recycled feed into its CAM production processes moving forward.

Cathode White Paper

NOVONIX has continued to produce various grades of mid- and high-nickel cathode material to specifications of potential commercialization partners and began sampling these pilot scale materials. A white paper was recently published to highlight the performance of its mid-nickel materials2 and the Company has previously shared the results3 of an independent engineering study by Hatch Ltd. that shows the potentially significant cost savings and waste reduction of this proprietary process compared to the conventional wet process. The NOVONIX process allows for flexible input materials, results in higher yields at a lower cost, eliminates process wastewater and sodium sulphate byproduct generation, and consumes less power than the current process.

NOVONIX Corporate

As a leading battery materials and technology company, NOVONIX continues to provide advanced, high-performance materials, equipment, and services for the global lithium-ion battery industry. The company continues to offer revolutionary clean-energy solutions to the battery industry and is committed to its ongoing mission of developing innovative, sustainable technologies and high-performance materials. This

2 White Paper – An Evaluation of All-Dry, Zero-Waste Cathode Synthesis Technology on Mid-Nickel LiNi0.6Mn0.2Co0.2O2 (NMC622) at the Pilot Scale

3 September 11, 2023 – NOVONIX Announces Results of Engineering Study on Proprietary All-Dry, Zero-Waste Cathode Synthesis Process

quarter, NOVONIX has remained focused on developing technology to provide higher-performance battery materials through simpler, cleaner processes, making tremendous strides over the last decade.

Robert Long Appointed CFO

On September 1, 2024, Robert Long was appointed Chief Financial Officer (CFO) of NOVONIX, bringing over 25 years of experience in finance and executive leadership with both public and private companies. As previously announced, former CFO Nick Liveris joined the Company’s Board of Directors effective September 1, 2024.

To ensure a smooth transition of the CFO role to Mr. Long, Ron Edmonds, a seasoned finance leader and NOVONIX board member, assumed the interim role of Executive Officer – Finance on August 1, 2024. Mr. Edmonds’ experience in leadership roles at Dow Chemical, including as Chief Accounting Officer, will significantly contribute to NOVONIX’s continued growth.

Event Participation

This quarter, NOVONIX participated in the following additional events:

Brandon Hall Group HCM Excellence Awards

In August, the NOVONIX Leadership Development Program (LDP), thoughtfully designed and executed by Development Lab with the support of Cross Knowledge’s Learning Platform, was the recipient of two Gold Medals at the prestigious Brandon Hall Awards. These medals were for Best Hybrid Learning Program and Best Use of a Blended Learning Program. Brandon Hall Group™ is the only professional development company that offers data, research, insights and certification to Learning and Talent executives and organizations.

Axon Graphite Limited’s IPO Update

In April 2024, NOVONIX signed a Share Sale and Purchase Agreement under which its wholly owned subsidiary, MD South Tenements Pty Ltd, which holds the Mount Dromedary natural graphite exploration interests, will be divested to Axon Graphite Limited (“Axon Graphite”), a wholly owned subsidiary of Lithium Energy Limited (“Lithium Energy”). As a consideration for the transaction, NOVONIX will receive shares in Axon Graphite, subject to the completion of the parties’ due diligence enquiries, completion of the initial public offering (“IPO”) of Axon Graphite, and receipt of approval and admission of Axon Graphite to the Australian Securities Exchange ("ASX").

4 https://www.novonixgroup.com/axon-graphite-limited-update-mt-dromedary-graphite-mineral-resources-review/

5 Refer to NVX ASX Announcement dated 3 April 2024: NOVONIX Limited and Lithium Energy Limited to Combine Natural Graphite Interests with Intention to Take Combined Business Public and LEL ASX Announcement dated 3 April 2024: Merger of Lithium Energy and NOVONIX Natural Graphite Assets and Proposed Axon Graphite Limited Spin-Out and IPO

6 Refer to NVX ASX Announcement dated 20 October 2016: Upgraded Independent JORC Mineral Resource Estimate

The adoption of a 5% TGC cut-off grade for the updated Mt Dromedary MRE (previously reported at 4% TGC3) is now consistent with the 5% TGC cut-off grade adopted for the Burke and Corella Deposit MRE’s. The companies also note that the Competent Person who assessed the updated Mt Dromedary MRE also assessed the Burke and Corella MRE’s in 2023.The review of the Mt Dromedary MRE will also assist Axon Graphite in its post-IPO/listing resource development work.

Axon Graphite will seek to capitalize on expected growth in electric vehicle (EV) sales and battery-based grid scale energy storage systems over the coming decades, through the production and sale of graphite-based battery anode material, one of the key components of electric vehicle and grid storage batteries.

Financial Overview

Cash Balance

The Company’s cash balance as of 30 September 2024 was US$37.4 million.

Capital Expenditures

The Company invested US$7.5 million in property, plant and equipment during the third quarter of 2024, primarily for production assets at its Riverside facility in Tennessee to meet the 3,000 tpa of capacity by H1 2025 and a small portion for the cathode pilot line in Nova Scotia. NOVONIX received US$9.0 million in reimbursements from the grant awarded by DOE MESC for the nine months ended 30 September 2024.

This announcement has been authorized for release by NOVONIX Chairman,

Admiral Robert J. Natter, USN Ret

About NOVONIX

NOVONIX is a leading battery technology company revolutionizing the global lithium-ion battery industry with innovative, sustainable technologies, high-performance materials, and more efficient production methods. The Company manufactures industry-leading battery cell testing equipment, is growing its high-performance synthetic graphite anode material manufacturing operations, and has developed a patented all-dry, zero-waste cathode synthesis process. Through advanced R&D capabilities, proprietary technology, and strategic partnerships, NOVONIX has gained a prominent position in the electric vehicle

and energy storage systems battery industry and is powering a cleaner energy future. To learn more, visit us at www.novonixgroup.com or on LinkedIn and X.

For NOVONIX Limited

Scott Espenshade, ir@novonixgroup.com (investors)

Stephanie Reid, media@novonixgroup.com (media)

Cautionary Note Regarding Forward-Looking Statements

This report contains forward-looking statements about the Company and the industry in which it operates. Forward-looking statements can generally be identified by use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or other similar expressions. Examples of forward-looking statements in this report include, among others, statements we make regarding our progress and timing of meeting our target production capacity and scaling of production at our Riverside facility, our collaborations with LG Energy Solution and other customers and strategic partners such as Voltaiq, CBMM and ICoNiChem, our ability to meet the demands of our existing and future customers, the expected economic impact of the DOE MESC grant and the 48C tax credit, our ability to obtain and benefit from additional government funding and other support, improving and growing our battery testing equipment and research and development services offerings, the continued investment in and promising results of our cathode synthesis technology and pilot line, realizing the potential value of the combination of Mount Dromedary natural graphite assets with Lithium Energy Limited graphite assets and the initial public offering of Axon Graphite, and our ability to help lead the localization of the North American supply chain for synthetic graphite and achieve and maintain market recognition as a leader in the battery materials sector.

We have based such statements on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Such forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the timely deployment and scaling of our furnace technology, our ability to meet the technical specifications and demand of our existing and

future customers, the accuracy of our estimates regarding market size, expenses, future revenue, capital requirements, our needs and access for additional financing, and the impact of government support, our ability to develop and commercialize our cathode materials and produce them at volumes with acceptable performance, yields and costs and without substantial delays or operational problems, our ability to obtain patent rights effective to protect our technologies and processes and successfully

defend any challenges to such rights and prevent others from commercializing such technologies and processes, and regulatory developments in the United States, Australia and other jurisdictions. These and other factors that could affect our business and results are included in our filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s most recent annual report on Form 20-F. Copies of these filings may be obtained by visiting our Investor Relations website at www.novonixgroup.com or the SEC's website at www.sec.gov.

Forward-looking statements are not guarantees of future performance or outcomes, and actual performance and outcomes may differ materially from those made in or suggested by the forward-looking statements contained in this report. Accordingly, recipients of this report should not place undue reliance on forward-looking statements. Any forward-looking statement in this report is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.

Industry and Market Data

This Report contains estimates and information concerning our industry and our business, including estimated market size and projected growth rates of the markets for our products. Unless otherwise expressly stated, we obtained this industry, business, market, and other information from reports, research surveys, studies, and similar data prepared by third parties, industry, general publications, government data, and similar sources. This Report also includes certain information and data that is derived from internal research. While we believe that our internal research is reliable, such research has not been verified by any third party.

Estimates and information concerning our industry, and our business, involve a number of assumptions and limitations. Although we are responsible for all the disclosure contained in this Report and we believe the third-party market position, market opportunity and market size data included in this Report are reliable, we have not independently verified the accuracy or completeness of this third-party data. Information that is based on projections, assumptions, and estimates of our future performance and the future performance of the industry in which we operate is necessarily subject to a high degree of uncertainty and risk due to a variety of factors, which could cause results to differ materially from those expressed in these publications and reports.

Appendix 4C

Quarterly cash flow report for entities

subject to Listing Rule 4.7B

Compliance Statement

1. This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

2. This statement gives a true and fair view of the matters disclosed.

Authorised by: By the Chairman of the Board

(Name of body or officer authorising release – see note 4)

Notes

NOVONIX LIMITED ACN 157690830 Level 38, Eagle Street Brisbane, QLD 4000, Australia novonixgroup.com