Lithium Australia assesses potential fertiliser opportunity from recycled batteries
After the success of initial trials, larger-scale field trials are being developed to assess alkaline MMD dust performance against conventional treatments.
Company
ASX:LIT
Livium Ltd is Australia’s leading battery recycler through its wholly owned subsidiary Envirostream — a profitable business focused on the recovery of valuable materials from end-of-life batteries.
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After the success of initial trials, larger-scale field trials are being developed to assess alkaline MMD dust performance against conventional treatments.
Soluna Australia has executed a letter of intent to develop a renewable-energy and battery-storage facility for the Browns Range mining camp.
The company operates a research and pilot plant in Brisbane and has been researching and developing advanced cathode materials for the past 13 years.
The proprietary technology greatly improves metallurgical recovery of lithium from fine and contaminated spodumene.
The company is taking steps to ensure all business units survive to reap the rewards of years of research and intellectual property in battery materials and processing accumulated to date.
Drilling at the Medcalf Project within the wider Lake Johnston Project is expected to take place in June.
The company has also acquired the Mt Dean East lithium tenement under a deal with Aruma Resources Ltd (ASX:AAJ).
The company is seeking to raise up to $1.71 million by way of a call of 1 cent per share on LITCE partly paid shares, which are due and payable by March 31.
LIT is conducting R&D on the LieNA® lithium-recovery process with the Australian Nuclear Science and Technology Organisation (ANSTO).
LieNA® is a process able to recover lithium from the fine spodumene in waste or tailings streams.
The company’s wholly-owned subsidiary VSPC will receive a $1.6 million grant for its participation in the research project.
Envirostream Australia has constructed and commissioned its expanded Melbourne processing facility, which can annually recycle up to 3,000 tonnes of spent batteries.
Raw materials make up more than half of the cost of producing LIB cathode materials and having the technology to utilise lower-cost raw materials and reuse materials from battery recycling is a competitive advantage for VSPC.
The patents are related to LIT's lithium extraction processing techniques SiLeach® and LieNA®.
Terms of the MoU includes the low-capital establishment of a supply chain for VSPC cathode material in China.
The initial investment of $3 million will be used to develop the Soluna Australia battery business and to commercialise the company’s cathode business.
The company has also increased its interest in the Melbourne-based battery metals recycler to 84%.
The Lind Partners will invest up to $6.3 million in Lithium Australia under a convertible security and share purchase funding agreement, including an initial $3 million.
Soluna Australia has been established to sell lithium-ion batteries and Soluna energy storage products into the Australian renewables energy market.
Envirostream Australia is the only Australian company capable of recycling all energy metals from spent lithium-ion batteries.