Lithium Energy Advances with Axon Graphite IPO

Lithium Energy Ltd. (AU:LEL) has released an update.

Lithium Energy Limited is advancing its business strategy through the merger of its Burke Graphite Deposit with NOVONIX’s Mt Dromedary Graphite Deposit, with due diligence completed and board appointments made to its subsidiary, Axon Graphite Limited, which will soon launch an IPO raising $15M to $25M. Following the sale of its Solaroz Project interest for approximately A$97 million, the company’s focus will shift to the Axon Graphite IPO and ongoing operations at Solaroz.

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