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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Over the past two years, Envirostream has trialled the recycling of end-of-life battery packs from six different types of electric vehicles and expects to begin regular recycling battery packs shortly.
The company has been granted a trading halt until Monday, August 24, or when an announcement is released to the market.
The company’s proprietary LieNA® and SiLeach® processes, demonstrated low-cost feed options for efficient cathode production.
Funds will be used to accelerate growth of battery recycling subsidiary Envirostream Australia and renewable energy storage system supplier Soluna Australia.
The operation of subsidiary Envirostream Australia has been classified as an ‘essential service’ and continues to operate in Melbourne’s stage-4 lockdown.
The operation of subsidiary Envirostream Australia has been classified as an ‘essential service’ and continues to operate in Melbourne’s stage-4 lockdown.
The SiLeach® and LieNA® technologies both reduce the number of steps required to produce battery cathode powders.
Envirostream Pty Ltd has been included in the list of ‘Electricity, gas, water and waste services’ considered important infrastructure and is classified as an essential service.
VSPC’s optimised process for production of LFP cathode material reduces chemical costs by up to 20% and manufacture of iron reagents from base raw materials further reduces these costs up to 10%.
The company responded swiftly to COVID-19, executing a group-wide strategy driven by four key corporate objectives - employee safety, preservation of capital, transition to a distributed workforce and resource re-allocation to service near-
LIT, Australian Vanadium Ltd and Mercator Metals hold the Coates project which covers the entire Coates Mafic Intrusive Complex in WA’s Western Yilgarn.
Soluna Australia provides energy-storage solutions for homes with single- or three-phase power throughout Australia.
The technology offers access to vast quantities of lithium currently discarded by producers of spodumene concentrate which cannot be processed commercially via conventional techniques.
The Soluna Australia JV expects to be positive cash flow by the December quarter of 2020 while the Envirostream Australia subsidiary is expected to grow revenue significantly.
The CEC requires that all clean-energy products sold in Australia meet the highest international standards.
The company is working towards commercialisation of its proprietary LieNA® technology for improving the recovery of lithium from spodumene.
The micronutrients Envirostream is producing are slow-release variants tailored specifically for broadacre farming in Western Australia.
The Coates Mafic Intrusive Complex lies about 29 kilometres southwest of the recent nickel-copper-platinum group elements discovery by Chalice Gold Mines.
The company is assessing the use of zinc and manganese derived from recycled alkaline batteries as micro-nutrient supplements in crop fertilisers.
The company has now commenced the LITCE sale process for forfeited LITCE shares.
