Novonix and Lithium Energy to combine natural graphite interests, forming Axon Graphite Limited, listed on ASX, with both companies retaining 28.57% stake post IPO.
Novonix Limited and Lithium Energy Limited to combine their natural graphite exploration interests into a new company, Axon Graphite Limited, which will be listed on the Australian Securities Exchange (ASX). Both companies will retain up to 28.57% ownership of Axon following the planned IPO. The combined company aims to create a world-class, large-scale natural flake graphite project and realize value for the shareholders of both Novonix and Lithium Energy. Eligible shareholders of both companies will be given priority in the IPO.
April 02, 2024
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