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The latest update is out from Lithium Australia NL ( (AU:LIT) ).
Livium Ltd announced the issuance of 416,473,222 options exercisable at $0.02, expiring in April 2028, following shareholder approval at their recent Annual General Meeting. This issuance, which includes Placement, Lead Manager, and Retainer Options, aims to enhance Livium’s financial position and support its strategic expansion into new recycling markets, potentially impacting stakeholders by bolstering the company’s market presence and operational capabilities.
The most recent analyst rating on (AU:LIT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Lithium Australia NL stock, see the AU:LIT Stock Forecast page.
More about Lithium Australia NL
Livium Ltd (ASX: LIT) is Australia’s leading battery recycler through its subsidiary Envirostream, focusing on recovering valuable materials from end-of-life batteries. The company is expanding into recycling rare earth elements and solar panels, and processing black mass to strengthen Australia’s clean-energy supply chain. Livium also holds technologies like LieNA®, a lithium extraction process, and VSPC, a developer of lithium ferro phosphate cathode materials.
Average Trading Volume: 6,308,091
Technical Sentiment Signal: Sell
Current Market Cap: A$22.71M
For a thorough assessment of LIT stock, go to TipRanks’ Stock Analysis page.