Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Mineral Resources Limited ( (AU:MIN) ) has issued an announcement.
Livium Ltd and Mineral Resources Ltd have agreed on additional Stage 1A activities under their Joint Development Agreement to further commercialize the LieNA® technology, with funding secured through a convertible note and R&D tax incentives. The collaboration aims to optimize the technology’s development, potentially producing battery-grade lithium carbonate, and upon successful completion, will evolve into a joint venture with both companies holding equal stakes. This advancement positions Livium to expand its market reach and potentially license the LieNA® technology widely, capturing royalties from its use across various mining operations.
More about Mineral Resources Limited
Livium, formerly known as Lithium Australia, is focused on leading the global shift towards sustainable lithium production. The company is Australia’s leading battery recycler, produces lithium ferro phosphate (LFP), and has developed a patented lithium extraction technology. Livium’s operations are well-positioned to benefit from increasing global demand for lithium-ion batteries, offering diversification benefits to global supply chains.
YTD Price Performance: -2.04%
Average Trading Volume: 4,741
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.12B
See more insights into MIN stock on TipRanks’ Stock Analysis page.
