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The latest update is out from Lithium Australia NL ( (AU:LIT) ).
Livium Ltd has announced a distribution of funds from its 50:50 joint venture with Mineral Resources Ltd, LieNA Pty Ltd, amounting to A$173k for each partner. This distribution reflects prudent capital management and follows the deconsolidation of LieNA Pty Ltd from Livium’s financial reporting. LieNA Pty Ltd remains funded through to June 2027, and further distributions are anticipated following an R&D rebate. The company is extending timelines for its LieNA® Demonstration Plant to explore alternative partnerships and monetization opportunities amid current market conditions.
More about Lithium Australia NL
Livium, formerly known as Lithium Australia, is a company focused on sustainable lithium production. It operates Envirostream, Australia’s leading battery recycler, and seeks to capitalize on the growing demand for lithium-ion batteries. Livium is also working on commercializing patented lithium extraction technology (LieNA®) through a joint venture with Mineral Resources Ltd and developing critical battery material lithium ferro phosphate (LFP) through its subsidiary VSPC.
YTD Price Performance: -31.25%
Average Trading Volume: 5,006,485
Technical Sentiment Signal: Sell
Current Market Cap: A$18.72M
Learn more about LIT stock on TipRanks’ Stock Analysis page.