Dona Ferentes
A little bit OC⚡DC
- Joined
- 11 January 2016
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New IPO
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16 May 2024
Update on Merger of Graphite Assets and Axon Graphite Limited IPO
Lithium Energy Limited (ASX:LEL) refers to its agreement with NOVONIX Limited (ASX:NVX) to acquire NOVONIX’s Mt Dromedary Graphite Deposit, which is located directly adjacent to the Company’s Burke Graphite Deposit in Queensland, as announced on 3 April 2024. The Company and NOVONIX have both completed their due diligence and issued notices to proceed with the agreement.
NOVONIX nominees, Admiral Robert Natter (US Navy, Ret.) and Tony Bellas, have been appointed to the Board of Axon Graphite Limited (proposed ASX Code : AXG) joining Lithium Energy Directors, Farooq Khan and William Johnson.
The Prospectus for the ($15 Million to $25 Million) IPO of Axon Graphite is expected to be lodged within the next ~4 to 6 weeks – Lithium Energy will provide further updates on ASX on the indicative timetable for the IPO, including in relation to the record dates for determining entitlements under the Priority Offers to Lithium Energy and NOVONIX shareholders.
Further details on the Board composition and Senior Management of Axon Graphite will be outlined in the Prospectus.
.
16 May 2024
Update on Merger of Graphite Assets and Axon Graphite Limited IPO
Lithium Energy Limited (ASX:LEL) refers to its agreement with NOVONIX Limited (ASX:NVX) to acquire NOVONIX’s Mt Dromedary Graphite Deposit, which is located directly adjacent to the Company’s Burke Graphite Deposit in Queensland, as announced on 3 April 2024. The Company and NOVONIX have both completed their due diligence and issued notices to proceed with the agreement.
NOVONIX nominees, Admiral Robert Natter (US Navy, Ret.) and Tony Bellas, have been appointed to the Board of Axon Graphite Limited (proposed ASX Code : AXG) joining Lithium Energy Directors, Farooq Khan and William Johnson.
The Prospectus for the ($15 Million to $25 Million) IPO of Axon Graphite is expected to be lodged within the next ~4 to 6 weeks – Lithium Energy will provide further updates on ASX on the indicative timetable for the IPO, including in relation to the record dates for determining entitlements under the Priority Offers to Lithium Energy and NOVONIX shareholders.
Further details on the Board composition and Senior Management of Axon Graphite will be outlined in the Prospectus.
