Lithium Energy Limited (LEL.AX)

NOVONIX Limited and Lithium Energy Limited to Combine Natural Graphite Interests with Intention to Take Combined Business Public

NOVONIX Limited (“NOVONIX”) and Lithium Energy Limited (“LEL”) to contribute their natural graphite exploration interests into a new company, Axon Graphite Limited (“Axon”)Shares of Axon to be offered through an initial public offering (“IPO”) and listed on the Australian Securities Exchange (“ASX”)NOVONIX and LEL each will retain up to 28.57% ownership of Axon following the planned IPOCreates world class, large-scale natural flake graphite projectRealises value for the shareholders of both NOVO