In 2001 the band changed their name from A.X.E. to The A.X.E. Project and recorded their debut album Stories From A Twilight Realm Pt.I, which was released by the band themselves and marketed trough their website. The CD features 9 original songs and its radio single Mountain Queen, featuring both male and female vocal performances, received serious radio play in the radio stations from the area, which helped the band establish themselves. The release was supported by a few gigs in the band's hometown. Additionally it received a 7/10 review from Pro-Rock Magazine.
At that point the band was still experiencing a lot of line-up changes so they started looking for a solid line-up that could carry out the recording of their new works. In the beginning of 2006 the band was ready with their next work - the demo EP Angles Without Wings, which is still not released to the public in order to aid the band in getting a record deal. What followed was getting the band on stage and their first appearance on stage since 2003 came in January 2007 when the band opened up for Evergrey and Stonegard in their shows in Sofia and Plovdiv. More live shows and media appearances followed with the band visiting cities like Montana and Varna and playing two international open air festivals - BerkRock, Bulgaria and Red Alert Open Air, Ukraine. At their BerkRock appearance the band was direct support for Brazen Abbot. Until the end of 2007 the band played more club shows mainly in Sofia.In January 2008, the female singer of the band, Bilyana Cenova had to quit the band for personal reasons, which left the band searching for a replacement.