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Livium and Mineral Resources Forge Ahead with LieNA® Technology Commercialization
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Livium and Mineral Resources Forge Ahead with LieNA® Technology Commercialization

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Lithium Australia NL ( (AU:LIT) ) has issued an update.

Livium and Mineral Resources Ltd have agreed on the next steps for the commercialization of Livium’s LieNA® technology, involving additional Stage 1A activities to optimize the development path. The activities will be fully funded through a convertible note and R&D tax rebates, with a focus on assessing alternative commercialization pathways and selecting the preferred lithium product. Successful completion of these activities will lead to a joint venture, enhancing Livium’s market reach by licensing the technology and capturing fees from processed tonnage. This move represents a significant milestone in Livium’s partnership with Mineral Resources, aiming to advance the technology’s commercial potential.

More about Lithium Australia NL

Livium, formerly known as Lithium Australia, is a leading player in the sustainable lithium production industry. The company operates Australia’s market-leading battery recycler and produces lithium ferro phosphate (LFP), a critical battery material. Livium has developed patented lithium extraction technology and is well-positioned to capitalize on the growing demand for lithium-ion batteries, providing diversification benefits to global supply chains.

YTD Price Performance: 30.0%

Average Trading Volume: 18,108

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $13.17M

See more insights into LIT stock on TipRanks’ Stock Analysis page.

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