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Esports Mogul Limited ( (AU:LU7) ) has provided an announcement.
Lithium Universe Limited has announced a new strategy to launch a second lithium refinery in Brownsville, Texas, complementing its existing project in Québec. This expansion aims to address the critical shortage of lithium refining capacity in North America, a bottleneck in the clean energy supply chain. The Texas location offers strategic advantages such as proximity to U.S. battery markets, reduced transport costs, and alignment with U.S. government policies on critical minerals. The move positions LU7 as a key player in bridging the lithium conversion gap, enhancing supply chain resilience, and meeting the growing demand for battery-grade lithium carbonate.
More about Esports Mogul Limited
Lithium Universe Limited (ASX: LU7) operates in the lithium industry, focusing on lithium refining and conversion. The company is engaged in developing lithium carbonate refineries, with a market focus on addressing the lithium conversion gap in North America, which is crucial for the electric vehicle and energy storage sectors.
Average Trading Volume: 11,965,756
Technical Sentiment Signal: Sell
Current Market Cap: A$21.76M
See more data about LU7 stock on TipRanks’ Stock Analysis page.