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The latest announcement is out from Lithium Australia NL ( (AU:LIT) ).
Livium Ltd has secured a significant battery recycling agreement with Sell & Parker valued at over A$5.0 million, expected to generate A$3.0 million in revenue over the next year. Additionally, the company has executed a binding agreement with the Australian Renewable Energy Agency for a grant of up to A$30 million to fund the construction and operation of a lithium ferro phosphate demonstration plant. This funding and strategic agreements position Livium to enhance its market presence and operational profitability, with expectations of securing further contracts and expanding its customer base.
More about Lithium Australia NL
Livium Ltd, trading as ASX:LIT, operates in the battery recycling and materials industry. The company focuses on recycling services, battery materials, and lithium chemicals, with a strong emphasis on sustainability and innovation in the energy sector.
Average Trading Volume: 38,625
Technical Sentiment Signal: Strong Buy
Current Market Cap: $8.67M
For detailed information about LIT stock, go to TipRanks’ Stock Analysis page.