- NOVONIX Limited ("NOVONIX") and Lithium Energy Limited ("LEL") to contribute their natural graphite exploration interests into a new company, Axon Graphite Limited ("Axon")
- Shares of Axon to be offered through an initial public offering ("IPO") and listed on the Australian Securities Exchange ("ASX")
- NOVONIX and LEL each will retain up to 28.57% ownership of Axon following the planned IPO
- Creates world class, large-scale natural flake graphite project
- Realises value for the shareholders of both NOVONIX and LEL
- Eligible NOVONIX and LEL shareholders to be given priority in the IPO
Reported Earlier, NOVONIX And Lithium Energy To Combine Natural Graphite Interests With Intention To Take Combined Business Public
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