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03 Apr
11:03

NOVONIX, Lithium Energy to combine graphite units

Battery materials company NOVONIX said late Tuesday it has signed an agreement with Lithium Energy to combine their natural graphite exploration interests into a new company. The proposed new company, Axon Graphite, plans to raise up to AUD 25 million ($16.3m) through an initial public offering (IPO) to list on the Australian Securities Exchange (ASX). Following the IPO, both Australia-based companies will retain up to 28.57% stake in the new firm, Kallanish learn…
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