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Lithium Universe Limited Announces Management Change Amid Strategic Expansion

Story Highlights
  • Lithium Universe Limited announced a management change with Alex Hanly stepping down as CEO.
  • The company aims to close the Lithium Conversion Gap in North America with its refinery project.
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Lithium Universe Limited Announces Management Change Amid Strategic Expansion

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Esports Mogul Limited ( (AU:LU7) ) has shared an update.

Lithium Universe Limited announced a change in management roles, with Mr. Alex Hanly stepping down as CEO to become the Chief Development Officer on a part-time basis. This transition allows him to focus on personal commitments while continuing to contribute to the company’s project development. The company is well-positioned to impact the lithium industry by leveraging proven technology and a team of experienced leaders to close the Lithium Conversion Gap in North America, aligning with national security goals and the growing demand for lithium in battery manufacturing.

More about Esports Mogul Limited

Lithium Universe Limited is focused on addressing the ‘Lithium Conversion Gap’ in North America by developing a green battery-grade lithium carbonate refinery in Québec, Canada. The company aims to support the supply chain needs of original equipment manufacturers, particularly in the automotive sector, by converting spodumene supply into essential lithium chemicals for electric vehicle battery plants. Their strategic approach is to reduce dependence on Chinese lithium converters and strengthen the North American lithium battery supply chain.

Average Trading Volume: 41,921,730

Technical Sentiment Signal: Sell

Current Market Cap: A$8.09M

Learn more about LU7 stock on TipRanks’ Stock Analysis page.

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