NOVONIX Announces Completion of Due Diligence for Combination of Natural Graphite Interests into Axon Graphite [Yahoo! Finance]
NOVONIX Limited (NVX)
NASDAQ:AMEX Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=nac
Company Research
Source: Yahoo! Finance
company, today announced that due diligence has been satisfactorily completed for both NOVONIX and Lithium Energy Limited (ASX: LEL)(“LEL”) to contribute their natural graphite exploration interests into a new company, Axon Graphite Limited (“Axon”). As previously announced, NOVONIX has agreed to divest MD South Tenements Pty Ltd, its wholly owned subsidiary that holds the Mount Dromedary natural graphite exploration interests, to Axon Graphite Limited, a subsidiary of LEL. LEL will contribute its interest in its Burke and Corella graphite projects to Axon pursuant to the agreement. As consideration for the transaction, NOVONIX will receive shares in Axon, which the parties intend to list on the Australian Securities Exchange (“ASX”). The transaction is subject to the completion of the proposed initial public offering (“IPO”) of Axon, and receipt of approval for the admission of Axon to the ASX. This announcement has been authorized for release by NOVONIX Chairman, Admiral Robert
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NVX
Sec Filings
- 9/20/24 - Form 6-K
- 9/11/24 - Form 6-K
- 9/10/24 - Form 6-K
- NVX's page on the SEC website