The company, which emerged from research at Dalhousie University under professor Jeff Dahn, began trading on the Nasdaq this week. After the last few years revealed a “significant” potential risk in the battery supply chain, CEO Chris Burns wrote in a letter announcing the stock’s debut that North America must take “the next step in reducing those risks” by building the supply chain of key materials locally, as well. (The Logic)

Talking point: With NSERC/Tesla Canada Industrial Research Chair Dahn as its chief scientific advisor, Novonix is one of the more high-profile Canadian companies pushing for better battery supply chains on the continent, after it opened a plant in Tennessee last year. Burns, formerly a senior research engineer at Tesla, wrote that “essentially zero battery-grade anode material is currently produced stateside,” and that the company’s long-term goal is to establish “a fully North American battery supply chain.” The company’s stock—which was listed on the Australian Securities Exchange and began trading on the Nasdaq via American Depositary Receipts on Feb. 1—fell about three per cent Wednesday.