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Esports Mogul Limited ( (AU:LU7) ) has provided an announcement.
Lithium Universe Limited is advancing its Bécancour Lithium Refinery project by negotiating long-term spodumene supply agreements with multiple producers. The company aims to secure a minimum 10-year supply to commence in 2028, with full capacity expected by 2030. This strategic move is intended to mitigate logistical challenges and support the Canadian EV and energy storage sectors, while positioning the company to retain full ownership of the resulting lithium carbonate for sale in the open market or to OEM offtakers.
More about Esports Mogul Limited
Lithium Universe Limited operates in the lithium industry, focusing on the development of lithium refineries. The company is engaged in securing spodumene feedstock supply for its Bécancour Lithium Refinery, aiming to support the expansion of Canada’s electric vehicle and energy storage industries.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.07M
Find detailed analytics on LU7 stock on TipRanks’ Stock Analysis page.
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