Lithium Australia reveals first production from new battery recycling plant
The new plant can recycle up to 3,000 tonnes per annum of spent batteries.
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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The new plant can recycle up to 3,000 tonnes per annum of spent batteries.
The lithium-ferro-phosphate cathode powder produced by VSPC has been tested by potential battery customers.
Envirostream is the only Australian company able to recycle all the energy metals from spent lithium-ion batteries.
The WA Clean Energy Forum is being held in Perth today, LIT’s managing director Adrian Griffin will be presenting.
The company’s 24%-owned battery recycling subsidiary Envirostream Australia recently signed an MoU for the sale of recycled battery metals.
Countries emerging as markets for CRMs are rapidly setting policy frameworks to widen their choice of supply away from China’s mining and processing dominance.
A memorandum of understanding (MoU) has been signed with SungEel from Korea regarding the supply of recycled battery materials.
Recycling is one of four business units LIT has established as part of a restructure of its asset base.
The company has invested a further $100,000, taking its holding in the battery component separation business to 23.9%.
LIT’s four business divisions represent its processing technologies that can integrate the whole lithium-ion battery (LIB) production cycle.
Subsidiary VSPC has demonstrated the technological fit between LIT’s spent battery recycling and the process for producing material for LFP batteries.
Hardware & electrical equipment
The company has demonstrated its ability to create a closed battery production cycle by regenerating cathode active battery materials from waste battery materials.
The waste-reuse technology worked on at ANSTO produces batteries from spodumene feeds not concentrates.
The drill program was following up rock chip samples grading up to 4.2% and the first batch of drill results that initially confirmed mineralisation of more than 1,200 metres of strike.
The company now has a sustainable economic solution to the major recycling challenge of batteries being consigned to landfill.
ASX-listed lithium disruptor Lithium Australia NL (ASX:LIT) is building a business that integrates all aspects of the lithium supply chain, the aim being to 'close the loop' on the energy-metal cycle. In this article, the company’s managing
The first batch of assays from the 54-hole program has revealed grades of up to 3.07% lithium oxide.
Hardware & electrical equipment
Lithium Australia has cemented its partnership with DLG by incorporating a joint marketing division, which will trade as Soluna Australia.
Pegmatite intervals of up to 9 metres downhole have been intersected in drilling, assay results expected soon.
The company aspires to close the loop on the energy metal cycle with its disruptive technologies designed to furnish the lithium battery industry with sustainable supply solutions.