Lithium Australia buoyed by LMFP resurgence driven by battery and EV manufacturers worldwide
- Lithium Australia powers ahead with cobalt- and nickel-free lithium-ion battery dream
- Lithium Australia's first generation LieNA® processing technology to receive patent from European Patent Office
- Lithium Australia's Adrian Griffin talks big trends in the battery industry
Quick facts: Lithium Australia NL
Price: 0.12 AUD
Market Cap: $118.55 m
About the company
Lithium Australia NL (ASX:LIT) (OTCMKTS:LMMFF) (FRA:3MW) aspires to ‘close the loop’ on the energy-metal cycle.
The company’s disruptive technologies are designed to furnish the lithium battery industry with ethical and sustainable supply solution.
Lithium Australia’s technology comprises the SiLeach® and LieNA® lithium extraction processes, along with superior cathode material production courtesy of VSPC Ltd and enhanced recycling techniques for battery materials.
How it is doing
As lithium prices soar to new heights and manufacturers turn to batteries with fewer raw materials, LIT has positioned its nanotech-centric subsidiary, VSPC, to pursue opportunities in the Australian market.
VSPC creates the specialised lithium cathode powers that help power batteries — already, the subsidiary is considering commercial opportunities overseas, but a grant opportunity could see it focus on home soil.
With lithium on its best bull run in years — and showing no signs of slowing down — LIT believes there’s scope for VSPC to contribute to a supply chain for Australia’s own lithium-ion battery (LIB) industry.
Submitted under the Patent Cooperation Treaty (PCT), the applications relate to Envirostream Australia's selective separation of metal values from recycled lithium-ion batteries and recovery of electrode materials.
Lithium Australia Ltd welcomes the start of exploration activities by Charger Metals NL at Bynoe Lithium Project southwest of Darwin in the Northern Territory.
The Bynoe Project ownership is 70% Charger and 30% Lithium Australia and is in an area in which both parties believe to have “excellent access” and nearby infrastructure.
Insight: Lithium Australia's first generation LieNA® processing technology to receive...
Lithium Australia NL’s (ASX:LIT) (OTCMKTS:LMMFF) (FRA:3MW) first-generation LieNA® lithium processing technology is set to be granted a patent from the European Patent Office, which will provide legal protection in nominated European countries for 20 years from the date of filing.
Earlier this month, the company received a standard patent ‘Certificate of Grant’ from IP Australia for its SiLeach® extraction technology for low-energy recovery of lithium from micas - potentially a shortcut in the production of lithium-ion batteries.
What management says
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