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Lithium Australia NL ( (AU:LIT) ) just unveiled an announcement.
Livium Ltd has agreed a variation to its subcontractor recycling deal with key customer Sell & Parker, extending the term by about a year, accelerating expected volumes and introducing a structured deposit to fund capacity growth. The move aims to close a shortfall in volume receipts and reinforces the strategic relationship between the companies.
The deposit, paid in instalments and repaid via future invoices once volume thresholds are met, will bankroll a dedicated processing line at Envirostream’s Campbellfield site, due within six to eight weeks. This low-risk expansion is expected to provide cash-flow certainty, enable Livium to handle higher near-term demand and strengthen Envirostream’s position in Australia’s battery recycling market.
More about Lithium Australia NL
Livium Ltd, listed on the ASX, operates through its wholly owned subsidiary Envirostream as Australia’s leading battery recycler, focusing on recovering valuable materials from end-of-life batteries. The company is also moving into adjacent recycling areas, including rare earth elements, solar panels and black mass processing, to bolster Australia’s clean-energy supply chain.
YTD Price Performance: 10.0%
Average Trading Volume: 2,816,331
Technical Sentiment Signal: Sell
Current Market Cap: A$22.71M
For a thorough assessment of LIT stock, go to TipRanks’ Stock Analysis page.