Australia's Novonix rises as Canadian unit gets $2.2 mln funding
** Shares of Novonix NVX.AX rise as much as 8.8% to A$0.870, set for best day since Sept 15, if gains hold
** The battery maker says its unit in Canada has recieved C$3 mln ($2.22 mln) in research and development funding and advisory services from the National Research Council of Canada Industrial Research Assistance Program
** Co will use the funds to advance two important research and development initiatives aimed at enhancing its battery materials and technology projects
** Stock set to snap two consecutive sessions of losses, if trend holds
** Novonix stock at highest level since Sept 20
** Stock down 45.6% YTD, as of last close
($1 = 1.3521 Canadian dollars)
Reporting by Adwitiya Srivastava in Bengaluru
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