Halifax, Nova Scotia (Canada), May 1, 2026 – Dryve Battery Materials Inc. (“Dryve” or the “Company”) today announced its official launch as an independent battery materials company focused on commercializing its patented dry, pCAM-free synthesis platform for lithium-ion cathode materials.
Dryve was formed following the divestiture of the former Battery Technology Solutions business from NOVONIX Limited (ASX: NVX | Nasdaq: NVX), where its cathode technology platform has been developed and advanced over the past five years. As an independent company, Dryve is now positioned to accelerate commercialization with dedicated focus and execution.
“Dryve is built to fundamentally simplify how cathode materials are made,” said Dr. Chris Burns, Founder and Chief Executive Officer. “Our dry, pCAM-free synthesis platform eliminates conventional precursor steps and enables a more efficient, lower-cost, and scalable path to cathode production.”
pCAM-Free Cathode Materials. Dry Synthesis. Built for Scale.
Dryve’s patented platform enables the direct synthesis of nickel-based cathode active materials, including NMC, NCA, and LMR, without reliance on traditional precursor production or solvent-intensive processing.
The Company’s technology is underpinned by a growing intellectual property portfolio, including patents covering dry synthesis methods, process integration, and cathode material production.
The approach is designed to:
- reduce process complexity and capital intensity
- lower operating costs and chemical usage
- improve manufacturing scalability
- support localization of cathode supply chains
Dryve has validated its technology at 100 tonnes per annum (tpa) pilot scale in Nova Scotia, Canada and is advancing commercial deployment through strategic partnerships and customer engagement.
As global battery demand accelerates, manufacturers are seeking more efficient and regionally resilient production solutions. Dryve’s platform is designed to address these needs by simplifying cathode manufacturing and enabling more flexible deployment models.
“Spinning out as an independent company allows us to move faster, stay focused, and build the right partnerships to scale this technology globally,” added Burns.
Supported by Government Investment
Dryve’s technology development has been supported in part by funding from Atlantic Canada Opportunities Agency (ACOA), Natural Resources Canada Industrial Research Assistance Program (NRC IRAP), Next Generation Manufacturing Canada (NGen), and Natural Resources Canada (NRCan). Most recently, the group received approximately CAD $5 million in non-dilutive funding from NRCan’s Energy Innovation Program – Battery Industry Acceleration Program (EIP-BIA).
This support reflects the strategic importance of developing domestic battery materials capabilities and accelerating the transition to more efficient and sustainable production methods.
About Dryve
Dryve Battery Materials is commercializing a patented, dry, pCAM-free synthesis platform for lithium-ion cathode materials, enabling a more efficient, lower-cost, and scalable approach to cathode manufacturing. Validated at 100 tonnes per annum (tpa) pilot scale in Dartmouth, Nova Scotia, Dryve is built for industrial deployment and global partnership.
To learn more visit www.dryvematerials.com or find us on LinkedIn.
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Forward-Looking Statements
This release contains forward-looking statements regarding Dryve Battery Materials Inc., including statements related to technology development, commercialization plans, and market opportunities. These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. Dryve undertakes no obligation to update forward-looking statements except as required by applicable law.
