NOVONIX Ltd Sponsored ADR (NVX) has released an update.
NOVONIX Ltd and Lithium Energy Ltd have announced the upcoming IPO and ASX listing of Axon Graphite Limited, set to consolidate high-grade graphite assets for a new Battery Anode Material business in Queensland, Australia. Axon Graphite’s updated Mt Dromedary Mineral Resource Estimate shows a significant graphite deposit, with the potential to create operational synergies and economies of scale with the neighboring Burke Deposit. The company aims to capitalize on the growing electric vehicle and energy storage markets by developing a vertically integrated manufacturing facility in the region.
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