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Lithium Australia NL ( (AU:LIT) ) has shared an announcement.
Livium Ltd has received A$653,000 in R&D tax incentive rebates from the Australian Tax Office for its subsidiary Envirostream, with further rebates expected for its other subsidiaries. This rebate, alongside a recent A$4.5 million placement from investors, will support the company’s efforts to accelerate battery recycling and expand into new recycling areas, enhancing its market position and operational capabilities.
More about Lithium Australia NL
Livium Ltd, formerly known as Lithium Australia, is a leading Australian company specializing in battery recycling through its subsidiary Envirostream. The company focuses on recycling clean energy waste and is expanding its services to include rare earth elements, solar panels, and black mass recycling. Livium also engages in innovative technologies such as lithium extraction through its joint venture LieNA® and the development of next-generation lithium ferro phosphate (LFP) processes via its subsidiary VSPC.
Average Trading Volume: 6,501,701
Technical Sentiment Signal: Sell
Current Market Cap: A$24.77M
For an in-depth examination of LIT stock, go to TipRanks’ Overview page.