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Lithium Australia NL ( (AU:LIT) ) has provided an announcement.
Livium Ltd has completed a strategic transition to focus on recycling clean energy waste, achieving significant milestones in the lithium-ion battery recycling sector and expanding into black mass, solar panel, and rare-earth element recycling. The company reported a revenue of A$1.5 million and a gross profit of A$0.74 million for the quarter, with a notable 54% of battery collections being large-format lithium-ion batteries. Livium’s expansion efforts include partnerships with Iondrive, University of Melbourne, and Won Kwang S&T, and discussions with U.S. parties on critical mineral opportunities. A recent capital raise of A$4.5 million underscores strong investor support for Livium’s strategy, positioning the company for sustainable growth and profitability.
More about Lithium Australia NL
Livium Ltd, trading as ASX: LIT, operates in the clean energy recycling industry, focusing primarily on recycling lithium-ion batteries and expanding into processing black mass, photovoltaic (solar panels), and rare-earth elements. The company is positioned to deepen integration across Australia’s clean-energy supply chain with its established customer base and operational foundations.
Average Trading Volume: 6,699,436
Technical Sentiment Signal: Sell
Current Market Cap: A$22.71M
For a thorough assessment of LIT stock, go to TipRanks’ Stock Analysis page.