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Lithium Australia NL ( (AU:LIT) ) just unveiled an announcement.
Livium Ltd has announced the issuance of 410,000,001 options, exercisable at $0.02 and expiring on 28 April 2028, following shareholder approval. These options, under the new class of quoted securities (ASX: LITOC), are expected to commence trading on the ASX from 30 April 2025. This move is part of Livium’s strategy to strengthen its market position and capitalize on the increasing demand for lithium-ion batteries, aligning with its focus on sustainable lithium production and recycling.
More about Lithium Australia NL
Livium, formerly known as Lithium Australia, is a company focused on sustainable lithium production. It operates Australia’s leading battery recycling business, produces lithium ferro phosphate (LFP), and has developed a patented lithium extraction technology called LieNA®. Livium is well-positioned to benefit from the growing global demand for lithium-ion batteries, offering diversification benefits to global supply chains.
Average Trading Volume: 38,625
Technical Sentiment Signal: Strong Buy
Current Market Cap: $8.63M
For a thorough assessment of LIT stock, go to TipRanks’ Stock Analysis page.