Lithium Australia NL ( (AU:LIT) ) has shared an update.
Livium Ltd has announced increased investor engagement and potential customer interest following a A$30 million grant from the Australian Renewable Energy Agency (ARENA) for its VSPC LFP Demonstration Plant. The company is actively seeking additional funding to close a A$30 million gap for the plant, with plans to commence a front-end engineering and design study. VSPC is expanding its market presence in the USA through a partnership with UMC and is exploring licensing opportunities to penetrate non-core markets. The demonstration plant aims to validate VSPC’s proprietary process and support scale-up to commercial production, with estimated annual revenues of US$319 million.
More about Lithium Australia NL
Livium Ltd, through its subsidiary VSPC Pty Limited, operates in the battery materials industry, focusing on the development and production of lithium ferro phosphate (LFP) and lithium manganese ferro phosphate (LMFP). The company is engaged in building supply chains outside of China and aims to establish commercial-scale LFP manufacturing facilities.
Average Trading Volume: 25,234
Technical Sentiment Signal: Strong Buy
Current Market Cap: $9.5M
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