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Esports Mogul Limited ( (AU:LU7) ) has provided an announcement.
Lithium Universe Limited has advanced its Bécancour Lithium Refinery project in Québec through a pronounced downturn in the lithium market, completing a Definitive Feasibility Study (DFS) in early 2025 when battery-grade lithium carbonate prices were around or below US$10,000 per tonne. The company’s counter-cyclical strategy—continuing engineering, environmental planning and stakeholder work while prices were depressed—now appears vindicated as spot battery-grade lithium carbonate prices have more than doubled to about US$24,000 per tonne, exceeding the DFS long-term price assumption of US$20,970 per tonne and reinforcing robust project economics, including an NPV of US$718 million, an IRR of 21% and a payback period of 3.9 years, prompting renewed stakeholder engagement amid improving market confidence.
The most recent analyst rating on (AU:LU7) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Esports Mogul Limited stock, see the AU:LU7 Stock Forecast page.
More about Esports Mogul Limited
Lithium Universe Limited is an Australian-listed company focused on developing lithium refining capacity, notably through its Bécancour Lithium Refinery project in Québec, Canada, to supply battery-grade lithium carbonate to the global electric vehicle and energy storage markets.
Average Trading Volume: 2,533,737
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$21.01M
For detailed information about LU7 stock, go to TipRanks’ Stock Analysis page.