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Lithium Australia NL ( (AU:LIT) ) has provided an announcement.
Livium Ltd announced at its Annual General Meeting that it successfully raised $4.5 million, welcoming over 130 new shareholders. The company is prioritizing safe battery recycling through Envirostream, aiming to become cash-generative and profitable. Livium is enhancing its operations by recruiting a sophisticated sales force and exploring operational efficiencies. The company is also pursuing additional recycling opportunities in rare earth elements and solar panels, although these are not immediate revenue drivers. Livium’s broader technology portfolio, including LieNA® and VSPC, is positioned to attract investment without burdening the company financially. The board is committed to a measured growth approach, aligning executive remuneration with business performance and focusing on battery recycling profitability in FY26.
More about Lithium Australia NL
Livium Ltd (ASX: LIT) is a leading Australian company in the battery recycling industry, operating through its subsidiary Envirostream. The company focuses on recovering valuable materials from end-of-life batteries and is expanding into recycling rare earth elements and solar panels, as well as processing black mass. Livium also holds technologies like the LieNA® lithium extraction process and VSPC’s lithium ferro phosphate cathode materials.
Average Trading Volume: 6,580,479
Technical Sentiment Signal: Sell
Current Market Cap: A$22.71M
See more insights into LIT stock on TipRanks’ Stock Analysis page.