Lithium Australia continues to close the loop on the battery metals economy
The company plans to mine raw materials such as lithium and vanadium, process them into end-products, and then be able to recycle used products to produce raw materials.
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 company plans to mine raw materials such as lithium and vanadium, process them into end-products, and then be able to recycle used products to produce raw materials.
Applications have been received for more than 45.792 million shares from shareholders and new investors.
Field crews have been despatched, with drilling planned to commence before the end of this month.
All data indicates that the Dudley prospect has potential to host a lithium deposit in a location not previously identified for its lithium potential.
Envirostream operates Australia’s only battery recycling facility.
The issue is attractively priced at 6 cents per share (discount of 28% to the 5-day VWAP)
The company’s securities are in a trading halt until Tuesday, June 11, or when an announcement is made to the market.
The mineral resource was completed by consultant John Doepel and based on open file drilling data from 1999.
LIT’s proprietary process is used to refine lithium phosphate generating a high-purity chemical suitable for the production of lithium ion batteries.
Hardware & electrical equipment
DLG is one of the 10 largest battery manufacturers in China.
Field work undertaken in January 2019 has confirmed a 450x100-metre spodumene enriched pegmatite swarm.
Envirostream owns a lithium-ion battery shredding facility that produces powder containing critical metals that are then exported for refining.
Hardware & electrical equipment
The company will acquire the 18.9% stake for $500,000 cash in three tranches and $100,000 worth of shares.
The company is strategically positioned in the energy storage supply (ESS) chain.
Recent results show high-quality lithium-ion batteries can be generated from mine waste using its process.
Results support high-quality lithium-ion batteries can be generated from mine waste.
Hardware & electrical equipment
MD Adrian Griffin will give an outlook on the cathcode production market at the Roskill lithium event in Perth tomorrow.
Hardware & electrical equipment
MD Adrian Griffin will deliver a market outlook at Roskill’s lithium event in Perth this Friday.
The company is planning on drilling both lithium and vanadium occurrences in the near future.