NOVONIX is divesting its Battery Technology Solutions business in Nova Scotia, Canada, selling the unit back to its founder and former NOVONIX CEO Chris Burns for $1. The move sharpens the company’s focus on building a vertically integrated synthetic graphite supply chain in North America.
BTS, founded in 2013 in collaboration with Dalhousie University researchers and acquired by NOVONIX in 2017, provides advanced battery testing systems—including Ultra-High Precision Coulometry—along with R&D services and a proprietary all-dry, zero-waste cathode synthesis technology. Its customers span defense, grid stability and high-performance energy storage.
Under the deal, NOVONIX retains a 15% non-dilutable equity stake in the cathode business and will leave $2 million in cash at BTS at closing. NOVONIX will also provide transition services and a trademark license through at least September 2026. The transaction follows the company’s sale of its Mt. Dromedary natural graphite mining project in September 2025.
“The divestiture of the BTS division reflects NOVONIX’s disciplined strategy to prioritize synthetic graphite,” said CEO Mike O’Kronley. “We are focused on directing our management attention and capital to building the North American supply chain for this critical mineral.”
Source: NOVONIX
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