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Hannans Limited ( (AU:RIL) ) has issued an announcement.
Redivium Limited has announced an update on its business review and recapitalization efforts as it works towards reinstating trading on the ASX. The company has been reviewing its capital structure and exploring funding options, but no formal offers have been received. Redivium is now pursuing recapitalization with local Australian investors to meet ASX listing requirements. The company is preparing a pre-submission for ASX, detailing new director appointments and other necessary documentation, to ensure compliance for relisting. Stakeholders will be kept informed as the process progresses.
More about Hannans Limited
Redivium Limited is an emerging company in the lithium-ion battery recycling industry, focusing on advanced battery recycling technology across Europe. The company holds commercialization rights to hydrometallurgical technology for several European regions and aims to eliminate battery waste while recovering valuable materials for reuse. With strong European regulatory support and funding, Redivium seeks to become a leading battery recycler.
Current Market Cap: A$13.58M
For an in-depth examination of RIL stock, go to TipRanks’ Overview page.