Lithium Australia strengthens board skillset with appointment of Perth businesswoman
Kristie Young is a new independent non-executive director and brings a unique background with more than 20 years’ experience in various complementary fields.
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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Kristie Young is a new independent non-executive director and brings a unique background with more than 20 years’ experience in various complementary fields.
A total of $679,987 was paid last week by shareholders to fully pay the unpaid balance on 13.6 million LITCFs.
Yield, grain and overall statistical analysis to assess the performance of the micronutrients from the field trial is expected to be undertaken progressively and completed in the first quarter of 2021.
VSPC’s final laboratory synthesis trials with lithium phosphate have further validated a reduced-cost process route.
As a part of its strategy to focus more on battery supply chains, the company has decided to hive off 70% interests in two projects in Western Australia and one in Northern Territory by granting unlisted firm Charger options.
The revised agreement sees Okapi focusing on the high-priority gold targets with reduced expenditure commitments.
Its success in testing LMFP cells demonstrates the potential for VSPC’s patented manufacturing process to synthesise LMFP for transportation applications.
Envirostream is developing industry-wide improvements to ensure safety improvements in collection, storage and processing of batteries and to further reduce associated fire risk.
The company is well placed to provide Australia with a far superior environmental alternative to sending spent batteries to landfills.
E-waste in Australia is growing three times faster than that of general waste. It includes spent lithium-ion batteries, the recycling of which is Envirostream’s principal area of expertise.
The Australian low-energy lithium process delivers a short cut to production of lithium-ion batteries and offers advantages over competing processes.
The demand for renewable energy and energy-storage capabilities continues to grow the company has set and met goals for commercialising its subsidiaries Envirostream Australia, Soluna Australia and VSPC.
Envirostream is focused on the complete process of battery recycling, from transport, handling and discharge to materials recovery.
The company's exploration management strategy provides exposure to gold and base metals at little cost and preserves 100% of the lithium potential of the projects concerned.
The company has filed two Patent Cooperation Treaty applications relating to the recycling processes of lithium-ion batteries.
SPP funds will allow the company to accelerate the growth of battery recycling subsidiary Envirostream Australia, renewable energy storage system supplier Soluna Australia and retire debt.
The scheme aims to reduce the volume of toxic batteries disposed as waste and to maximise resource recovery by increasing collection and recycling rates and developing a domestic battery reprocessing capacity.
The deal gives Okapi an exclusive right to earn an undivided 75% interest in mineral rights, other than lithium, on tenements in the Lake Johnston area of Western Australia.
Products recovered from spent alkaline batteries by Envirostream are being used as a micronutrient source in fertiliser, with field trials on wheat continuing.
Soluna Australia’s complete range of residential solar energy-storage systems is now available nationally.