Each of NVX's 3 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. The Anode unit is moving towards commercial production at the Riverside facility. NVX's goal as it advances its cathode unit - the cathode active material (CAM) market is expected to reach >$100B globally by 2030 - is to maximize sustainability & cost efficiency around its processes. A recent collaboration agreement is focused on sustainable CAM feedstock materials by using recycled metal feedstock in the production process. In success, this collaboration could lead to commercial agreements for NVX's cathode unit.
