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An update from Lithium Australia NL ( (AU:LIT) ) is now available.
Livium Ltd has successfully completed the repayment of its pre-payment amount to The Lind Partners, totaling A$2.27 million, without issuing new shares. This settlement follows a capital raise of A$4.5 million from institutional and sophisticated investors, enhancing Livium’s financial stability and market positioning.
More about Lithium Australia NL
Livium, previously known as Lithium Australia, is focused on advancing sustainable lithium production. The company operates Australia’s leading battery recycling business, produces lithium ferro phosphate (LFP), and has developed a patented lithium extraction technology called LieNA®. Livium is strategically positioned to benefit from the increasing global demand for lithium-ion batteries, providing diversification benefits to global supply chains.
Average Trading Volume: 27,060
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $10.56M
For a thorough assessment of LIT stock, go to TipRanks’ Stock Analysis page.
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