Australia's NOVONIX rises on US land purchase deal

Novonix

10/03/2026 24:11

** Shares of Australia's NOVONIX NVX.AX rise as much as 3.4% to A$0.31

** Stock hits biggest intraday pct gain since February 27

** The battery metals and tech co enters agreement with Aerisyn Opportunity Zone Business

** Says agreement is to purchase land adjacent to its current anode production facility in the U.S.

** Adds, deal valued at $26.5 million

** Despite moves, stock down 28.6% YTD

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))