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Lithium Energy Sells $20M Queensland Graphite Assets to Battery Materials IPO Vehicle
9:22am on Tuesday 26th of May, 2026 AEST
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Lithium Energy Sells $20M Queensland Graphite Assets to Battery Materials IPO Vehicle
9:22am on Tuesday 26th of May, 2026 AEST
Key Points
Sale of Burke, Mt Dromedary, Corella graphite projects for $20 million
Consideration split $5 million cash and $15 million MBM shares
MBM targets $15 million IPO to list on ASX as battery materials specialist
Lithium Energy shareholders to receive MBM shares via in-specie distribution
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