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Lithium Australia NL gives LiGeneration IPO a boost

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Lithium Australia NL (ASX:LIT) will provide pre-IPO company, LiGeneration Ltd, access to its LieNA™ lithium processing technology.

Lithium Australia provided seed capital for LiGeneration Ltd, which holds Canadian lithium projects and is planning an ASX IPO before the year-end.

LieNA™ is one of Lithium Australia’s three processing technologies under development:

- Sileach™ versatile process for all lithium silicates (100% LIT).
- LieNA™ lithium from spodumene in caustic solution (100% LIT).
- L-Max® exclusive processing rights for use in Western Australia and two projects internationally. The ultimate beneficial owner of L-Max® is currently Platypus Minerals Ltd.

LiGeneration owns 100% of three project areas neighbouring the second largest and richest global lithium reserve, the Nemaska Lithium Whabouchi Mine.

LiGeneration also owns the Wells-Lacourciere lithium project which has produced historical results from trenching and sampling of up to 4.0% lithium.

Canada has been identified as being able to potentially benefit from the advantages provided by the LieNA™ process.

Lithium Australia shareholders will be offered a priority entitlement to IPO share subscriptions in the LiGeneration float.

 

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Quick facts: Lithium Australia NL

Price: 0.06 AUD

ASX:LIT
Market: ASX
Market Cap: $47.54 m
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