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Esports Mogul Limited Confirms Viability of Bécancour Lithium Refinery

Story Highlights
  • Esports Mogul Limited plans to build a lithium refinery in Québec with a capacity of 18,270 tonnes.
  • The project is economically viable with a pre-tax NPV of US$718 million and an IRR of 21.0%.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Esports Mogul Limited Confirms Viability of Bécancour Lithium Refinery

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Esports Mogul Limited ( (AU:LU7) ) just unveiled an announcement.

Esports Mogul Limited has announced the results of its Definitive Feasibility Study for the Bécancour Lithium Carbonate Refinery in Québec, Canada, confirming the project’s viability even in a low pricing environment. The company plans to build a reliable, low-risk lithium conversion refinery with an annual capacity of up to 18,270 tonnes, using proven technology from the Jiangsu processing model. The project is economically viable with a pre-tax NPV of approximately US$718 million and an IRR of around 21.0%, with a payback period of 3.9 years. The facility will produce environmentally friendly, battery-grade lithium carbonate, aligning with the company’s vision of closing the Lithium Conversion Gap and enhancing the North Atlantic lithium supply chain.

More about Esports Mogul Limited

Esports Mogul Limited operates in the lithium industry, focusing on lithium conversion and production of battery-grade lithium carbonate. The company aims to establish a Canadian-based lithium chemicals business, sourcing spodumene feedstock from both domestic and international markets to contribute to the North Atlantic lithium supply chain.

Average Trading Volume: 2,116,465

Technical Sentiment Signal: Buy

Current Market Cap: A$6.07M

See more data about LU7 stock on TipRanks’ Stock Analysis page.

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