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An update from Hannans Limited ( (AU:RIL) ) is now available.
Redivium Limited announced an update on its UK battery recycling operations, revealing that it cannot proceed with the lease for the Wrexham site due to delays in its recapitalization process. Despite this setback, the company maintains robust project economics with existing supply and offtake agreements, ensuring the commercial viability of the project. Redivium is also exploring a modular refining solution to enhance its market position by potentially becoming the first company in the UK to operate an integrated battery recycling and refining circuit.
More about Hannans Limited
Redivium Limited is an emerging company in the lithium-ion battery recycling industry. The company focuses on developing recycling operations, particularly in the United Kingdom, to process lithium-ion batteries and produce battery-grade materials.
Current Market Cap: A$13.58M
See more insights into RIL stock on TipRanks’ Stock Analysis page.