Lithium Energy Ltd. (AU:LEL) has released an update.
NOVONIX Limited and Lithium Energy Limited are excited to announce the merger of their respective high-grade graphite assets into Axon Graphite Limited, a new Battery Anode Material business set for an IPO and ASX listing. The updated Mineral Resource Estimate boasts a significant 12.7Mt at 14.5% Total Graphitic Carbon, with potential operational synergies from adjacent high-grade deposits in Queensland. This strategic consolidation aims to capitalize on economies of scale and reinforce the companies’ position in the battery materials market.
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