NOVONIX Ltd (AU:NVX) has released an update.
NOVONIX Ltd has completed due diligence for a strategic move that will see its natural graphite exploration assets become part of Axon Graphite Limited, alongside assets from Lithium Energy Limited. The agreement will result in NOVONIX receiving shares in Axon, which is slated for an IPO and subsequent listing on the Australian Securities Exchange. This development is part of NOVONIX’s broader strategy to strengthen its position in the battery industry and contribute to a cleaner energy future.
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