NOVONIX Announces Completion of Due Diligence for Combination of Natural Graphite Interests into Axon Graphite

BRISBANE, Australia, May 16, 2024 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX”), a leading battery materials and technology company, today announced that due diligence has been satisfactorily completed for both NOVONIX and Lithium Energy Limited (ASX: LEL)(“LEL”) to contribute their natural graphite exploration interests into a new company, Axon Graphite Limited (“Axon”). As previously announced, NOVONIX has agreed to divest MD South Tenements Pty Ltd, its wholly owned