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Lithium Australia NL ( (AU:LIT) ) has issued an update.
Livium and Mineral Resources Ltd have agreed on the next steps for the commercialization of Livium’s LieNA® technology, involving additional Stage 1A activities to optimize the development path. The activities will be fully funded through a convertible note and R&D tax rebates, with a focus on assessing alternative commercialization pathways and selecting the preferred lithium product. Successful completion of these activities will lead to a joint venture, enhancing Livium’s market reach by licensing the technology and capturing fees from processed tonnage. This move represents a significant milestone in Livium’s partnership with Mineral Resources, aiming to advance the technology’s commercial potential.
More about Lithium Australia NL
Livium, formerly known as Lithium Australia, is a leading player in the sustainable lithium production industry. The company operates Australia’s market-leading battery recycler and produces lithium ferro phosphate (LFP), a critical battery material. Livium has developed patented lithium extraction technology and is well-positioned to capitalize on the growing demand for lithium-ion batteries, providing diversification benefits to global supply chains.
YTD Price Performance: 30.0%
Average Trading Volume: 18,108
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $13.17M
See more insights into LIT stock on TipRanks’ Stock Analysis page.