Lithium Energy Ltd. Raises $1.2M, Plans IPO

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

Lithium Energy Limited has issued 4 million shares at $0.30 each to raise $1.2 million, with the aim of exempting the secondary sale of these shares from certain disclosure requirements. The company has confirmed compliance with the Corporations Act, ensuring there is no undisclosed information that could affect an investor’s assessment of the company’s value. Lithium Energy Limited is progressing with its Solaroz Lithium and Burke and Corella Graphite Projects, and has recently announced a merger with NOVONIX Limited, aiming for an IPO of their subsidiary, Axon Graphite Limited.

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