Lithium Australia NL (AU:LIT) has released an update.
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Lithium Australia NL has announced the achievement of positive cash flow from its Envirostream battery recycling operation, leading to the vesting of performance rights for key personnel and the cancellation of nearly 94 million existing performance rights due to a strategic re-evaluation. The company is now proposing to issue new performance rights to align with its refined focus on battery recycling and lithium technologies, which is subject to shareholder approval at the upcoming AGM.
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