NVX believes its strategy aligns with the administration's goal to secure critical mineral supply chains and support domestic manufacturing. Its existing Riverside plant - where production capacity has been pre-sold via multiple offtake agreements - is in Tennessee and NVX plans to construct a 2nd production facility in the state, recently obtaining approval and expected tax credits toward this project. Each of NVX's three operating units is expected to play an important role in its development & growth, as NVX leverages proprietary R&D & patented technology to develop critical materials for the battery sector.
