Lithium Energy agrees to spin out new graphite company with NOVONIX [Yahoo! Finance]
NOVONIX Limited (NVX)
NASDAQ:AMEX Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=nac
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Source: Yahoo! Finance
with Proactive's Jonathan Jackson to discuss a pivotal agreement with NOVONIX Ltd to merge Queensland graphite assets, leading to the formation of Axon Graphite Ltd. This strategic move aims to amass a high-grade graphite inventory, propelling the development of an Australian-based, vertically integrated battery anode material (BAM) business. Axon Graphite, which plans to IPO, will focus on leveraging the combined strengths of the Burke and Mt Dromedary graphite deposits, optimising operational synergies and economies of scale. Lithium Energy shareholders stand to gain from this venture, with a priority offer and retained interest in Axon, highlighting a promising trajectory for this dedicated Australian graphite enterprise. Contact Details Proactive Investors Jonathan Jackson jonathan@proactiveinvestors.com View source version on newsdirect.com: https://newsdirect.com/news/lithium-energy-agrees-to-spin-out-new-graphite-company-with-novonix-706014513
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News
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NVX
Sec Filings
- 5/1/24 - Form 6-K
- 4/29/24 - Form 6-K
- 4/24/24 - Form 6-K
- NVX's page on the SEC website