Lithium Universe Ltd (ASX:LU7, OTC:ESMAF) CEO Alex Hanly joins Jonathan Jackson in the Proactive studio to talk about the pending acquisition of a commercial property in the Bécancour Waterfront Industrial Park in Québec, Canada, as part of its strategy to address the lithium conversion capacity gap in the North American market. The acquisition is designed to enhance lithium conversion capacity in response to the growing demand for electric vehicle (EV) batteries. Known as Lot 22, the property will become an integral part of the Québec Lithium Processing Hub (QLPH) Strategy, with the potential to host up to three lithium carbonate refineries, each with a capacity of 16,000 tonnes per annum.
Lithium Universe looks to fill lithium conversion gap