Every Spin-Off
NGX Limited
NGX AUCompletedAUExplores and develops graphite deposits in Malawi, aiming to supply graphite for battery anodes and industrial uses.
Sovereign Metals demerged its Malawi graphite projects into NGX Limited by an in-specie distribution of one NGX share for every 11 Sovereign shares (effective 24 March 2023), and NGX listed on the ASX on 14 June 2023 after a A$9.56m IPO.
- Distribution date
- 14 Jun 2023
- Structure
- Spin-off
- Parent
- Sovereign Metals (SVM AU)
- Spin-off ticker
- NGX AU
- Listing
- ASX
- Market
- Australia
- Sector
- Materials
- Size
- micro
Source documents
- Press releaseSovereign to demerge graphite projects (12/07/22)
- PresentationNot located
- Prospectus / demerger documentNot located
- SourceNGX annual report 2023 (asx.com.au)
- Sourcestockhead.com.au
- Sourceminingweekly.com
Every Spin-Off research
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