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The latest announcement is out from Esports Mogul Limited ( (AU:LU7) ).
Lithium Universe Limited has announced the vesting of 17,000,000 Class B performance rights to directors and key management personnel, following the completion of a Definitive Feasibility Study for a lithium carbonate refinery. This development allows these performance rights to be converted into fully paid ordinary shares, potentially impacting the company’s market positioning by enhancing its operational capabilities. The announcement underscores LU7’s commitment to advancing its strategic initiatives in lithium production and solar panel recycling, which are crucial for meeting the increasing demand for clean energy solutions.
More about Esports Mogul Limited
Lithium Universe Limited is a forward-thinking company focused on closing the ‘Lithium Conversion Gap’ in North America and revolutionizing the photovoltaic solar panel recycling sector. The company is dedicated to developing a green, battery-grade lithium carbonate refinery in Québec, Canada, and pioneering the recycling of valuable metals from discarded solar panels. With a strong leadership team, LU7 aims to address the growing demand for lithium and provide sustainable recycling solutions for the solar energy industry.
Average Trading Volume: 26,614,666
Technical Sentiment Signal: Sell
Current Market Cap: A$15.8M
For an in-depth examination of LU7 stock, go to TipRanks’ Overview page.