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Lithium Australia NL ( (AU:LIT) ) has shared an update.
Livium Ltd has issued 11,928,754 ordinary shares following shareholder approval at its General Meeting. This issuance includes 1,928,754 Placement Shares and 10,000,000 Capital Raise Fee Shares, bringing the total number of shares to 1,690,507,119. The issuance was conducted without disclosure under Part 6D.2 of the Corporations Act 2001, and the company has complied with relevant legal provisions. This move is expected to strengthen Livium’s financial position and support its strategic initiatives in the sustainable lithium production industry.
More about Lithium Australia NL
Livium, formerly known as Lithium Australia, is a leader in 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 to global supply chains.
Average Trading Volume: 32,583
Technical Sentiment Signal: Strong Buy
Current Market Cap: $8.53M
See more data about LIT stock on TipRanks’ Stock Analysis page.