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Stocks of the Hour: NOVONIX, BPH Global, AML3D

NOVONIX (NASDAQ:NVX, ASX:NVX) announced that its Battery Technology Solutions division successfully completed the commissioning of its 10 tonnes per annum cathode pilot line. In response, Dr. Chris Burns, CEO of NOVONIX, noted, “This capability places us in a unique position to serve the nickel-based cathode material market, which we and industry experts believe will require over 3 million tonnes per annum and represent an over $100B market opportunity by 2030.” Shares are trading 4.37 per cent lower at 98.5 cents.

BPH Global Ltd (ASX:BP8) announces that they are in China for a series of commercial meetings and prospective cornerstone investor meetings over a 3-4 week period commencing this week. These include wide and deep engagements with potential China-based cornerstone investors. Shares are trading 20 per cent lower at 0.2 cents.

AML3D (ASX:AL3) is announced the sale of an industrial-scale ARCEMY® metal 3D printing system to be located at the US Navy’s Additive Manufacturing Center of Excellence (AM CoE) in Danville, Va. AML3D Interim CEO Sean Ebert said: “We are extremely pleased the US Navy has purchased this ARCEMY® ‘X-Edition 6700’ system, demonstrating their confidence in our technology and is a validation of our strategic focus on delivering ARCEMY® systems to the US maritime and defence industries. Shares are trading 12.96 per cent higher at 6.1 cents.