LU7 Moves on Second U.S. Lithium Refinery as Prices Rebound and Supply Secured

The latest update is out from Esports Mogul Limited ( (AU:LU7) ).

LU7 has confirmed the Port of Brownsville in Texas as a suitable site for a second U.S. lithium refinery, supporting a binational refining platform that can replicate its Bécancour, Québec design to cut costs, shorten construction, and lower operational risk. The Brownsville site also offers access to spodumene feedstock from Brazil, Africa, and the U.S., and has space to host the company’s planned PV recycling and silver extraction project, with land lease applications and a scoping study now underway.

At Bécancour, LU7 is re‑engaging stakeholders as lithium carbonate prices rebound to about US$24,000 per tonne, above the project’s feasibility study assumptions and reinforcing previously strong economics including a US$718 million NPV and 21% IRR. The company has secured a 10‑year spodumene supply deal with Norah Mining to underpin refinery operations, is progressing engineering for a demonstration PV recycling plant, and has strengthened its management team with new executive appointments to drive the next phase of technical and project development.

More about Esports Mogul Limited

Esports Mogul Limited, operating here as LU7 or Lithium Universe, is focused on refining and recycling critical minerals for the energy transition. Its primary business is lithium refining, including a planned lithium carbonate refinery in Bécancour, Québec, and a second proposed refinery in Brownsville, Texas. The company is also advancing photovoltaic recycling technology with high‑purity silver extraction capabilities, targeting North American and global battery and renewables markets.

Average Trading Volume: 2,326,771

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$17.78M

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