NanoXplore Inc NNXPF

Update on the Gigafactory

[graphene007]

AGM Details on Gigafactory
  - 2 GWh lithium-ion battery cell factory
  - 350,000 sq.ft facility
Construction: early 2024
Where: Terrebonne QC near Imerys Graphite Lab
Employees: 300
Financing done: 500M$ with no dilution
Opening: early 2026
Sales: 150M$ per year

[1student]

Graphene007, Thanks for that.  I didn't attend the AGM. I wouldn't know what was actually stated during the AGM by management. With respect to your assertion regarding the requisite $500 Million of capital financing package having been secured for the build of the 2GWh battery manufacturing facility, I have to ask you whether Mr. Nazarpour actually did state that the $500

[graphene007]

No press release on the subject... All informal information from Quebec City's Dpt of Economic Development, Innovation

[1student]

Graphene007, I believe my question was clearly stated - unlike your reply, lol. Just kidding. Have you botherd to specifically confirm with NanoXplore management representatives whether the "informal" information which you may have been told by representatives "from Quebec City's Dpt of Economic Development, Innovation" is in fact entirely accurate? If what you'

[Dumont]

I, too, would love this to be true, but in the absence of any announcement from Nanoxplore or Voltaxplore principals, I have to remain very sceptical, despite 1Student's apparent conviction the story is correct.  However, if the story is, as feared  by yours truly, incorrect, I believe that it is incumbent upon the company to issue some denial and clarity very quickly ( even though

[graphene007]

Dear friends, Work a little bit and make your Due Dil on my Update... Ask Honorable Pierre FITZGIBBON Minister of the Economy and  Member for TERREBONNE

[1student]

Never the less, regardless of the allegation being that the $500 Million financing package has in fact finally been locked in by or on behalf of VoltaXplore, the mere fact being that the company has now elected to indicate and broadly disseminate the selection of a location, Terrebonne, Quebec, for the 2GWh capacity battery cells manufacturing facility does suggest a likely property acquisition