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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VSPC’s positive pre-feasibility study has confirmed the viability of its independent LFP cathode powder production chain as well as the ability to produce higher energy density variants such as lithium manganese ferro phosphate (LMFP).
The company’s ongoing strategy is to advance proprietary, downstream lithium and battery technologies and to deliver an ethical and sustainable supply of energy metals for batteries through innovative minerals processing and battery recycli
In March, the company’s pilot plant was given the green light with preparations underway to test its unique LieNA® spodumene conversion process.
Shareholders paid an amount of $0.0499 for each LITCF partly paid share.
The filing of the Australian patent application sets a worldwide priority date for the invention and provides 20 years of intellectual property protection within Australia.
Autoclave construction is now underway, with plans for fabrication of the rest of the plant well-advanced at the facilities of Australia's Nuclear Science and Technology Organisation (ANSTO), which will construct and operate the plant.
Shareholders paid an amount of 4.99 cents for each LITCF and these have become fully paid shares.
The shareholders paid an amount of 4.99 cents for each LITCF for a total consideration of $178,596.
The result demonstrates that wheat cultivation can benefit from the manganese in fertiliser blends containing the manganese recovered from spent alkaline batteries by Envirostream.
The shareholders paid A$0.0499 for each LITCF and the 2,693,280 LITCF shares have now become fully paid ordinary shares with a further 82,449,672 LITCF shares remaining on issue.
The company’s SiLeach process for the low-energy recovery of lithium from micas has been granted a patent by the US Patent and Trademark Office and an Australian patent for the process is expected to be granted shortly.
The company’s JV partner, Okapi Resources, plans to undertake a detailed ground magnetics survey in the current quarter to better define the underlying structure.
The shareholders paid $0.0499 for each LITCF and the 9,702,061 LITCF shares have now become fully paid ordinary shares with a further 93,501,306 LITCF remaining on issue.
The European Patent Office has granted the VSPC patent ‘Method for Producing Fine-Grained particles' for the manufacture of nano-structured oxides - which are used in fuel cells, supercapacitors, catalysts and battery materials.
A total of $1.28 million has been raised by the company since mid-December 2020 from shareholders fully paying the unpaid balance on 25.6 million LITCFs.
Lithium ferro phosphate (LFP) batteries are a precursor to lithium-ion batteries (LIB) that require less nickel and cobalt for their manufacture.
The company is not renewing or relinquishing exploration tenure in Germany to instead focus on leveraging opportunities for its battery materials technology.
Lithium Australia will retain significant lithium commodity exposure through its stake in Galan as well as the 20% project equity.
It also received more than $1 million from the Australian Taxation Office over its refundable R&D tax offset claim
This transaction provided proceeds of $49,400, taking total funds raised this month through the conversion of LITCF shares to almost $730,000.
