viewLithium Australia NL

Lithium Australia boosts stake in battery recycler Envirostream

Envirostream operates Australia’s only battery recycling facility.

two men pushing two puzzle pieces together
The company recently launched a rights issue to raise up to $6.5 million

Lithium Australia NL (ASX:LIT) has made the further equity subscription of $100,000 increasing its stake to 11.76% in Envirostream Australia Pty Ltd.

Back in early April 2019, LIT outlined its intention to acquire an 18.9% stake in Envirostream, a Victorian-based company operating Australia’s only battery recycling facility.

The lithium-ion battery shredding facility produces powder containing critical metals that are then exported for refining.

READ: Lithium Australia launches rights issue to raise up to $6.5 million

LIT’s managing director Adrian Griffin said: “Processing of spent batteries improves the sustainability of energy storage systems and is an ethical source of critical raw materials that can be directed back into the battery industry.

“Together with Envirostream, we plan to lead the industry in environmental best practices and reduce the harm created by disposal of battery materials in landfill.

“We look forward to developing a strong partnership with Envirostream and encourage all consumers to dispose of their spent batteries responsibly.”

Relationship presents opportunities

Lithium Australia sees an opportunity to apply its hydrometallurgical flow sheet for processing powders in development to the powder produced by Envirostream.

This product could feed Lithium Australia’s Brisbane pilot plant, which produces cathode powders.

Funding from LIT to Envirostream will allow it to increase its capacity with respect to the recycling of lithium-ion batteries.

Envirostream will in due course provide LIT with spent cathode powder, which will be processed into raw materials for the battery industry and used to regenerate cathode powders using LIT’s cathode powder production

Government tailwinds, Australia only reprocesses 3% its batteries

Recycling such materials onshore could augment the federal government’s Critical Minerals Strategy, formally launched in March 2019.

That strategy, while strongly focused on raw materials and supply chains, acknowledges the impact of innovation in processing to recover not only primary metals but also a range of by-products.

Australia lags behind the rest of the world and recycles only 3% of batteries.

Quick facts: Lithium Australia NL

Price: 0.069 AUD

Market: ASX
Market Cap: $38.74 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Lithium Australia NL named herein, including the promotion by the Company of Lithium Australia NL in any Content on the Site, the Company...



Lithium Australia encouraged by lithium recovery rates from SiLeach pilot-plant

Lithium Australia's (ASX:LIT) managing director Adrian Griffin tells Proactive London's Andrew Scott  they've achieved a lithium recovery of +90% using their SiLeach process at the ANSTO Minerals pilot plant in New South Wales. Final reporting and data analysis by ANSTO supports...

on 22/11/18

2 min read