Novonix said it signed an exclusive access agreement with Aerisyn Opportunity Zone Business to assess buying 17.5 acres of land adjacent to its Riverside anode materials facility in Chattanooga, Tennessee. The proposed purchase price is USD 26.5 million, subject to due diligence and a decision notice to the seller. Novonix paid USD 100,000 for an exclusive due diligence period of at least 150 days. The company said the assessment includes determining whether the land can be rezoned to heavy industrial.

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