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Lithium Australia NL ( (AU:LIT) ) has shared an update.
Livium Ltd has successfully raised A$4.5 million from institutional and sophisticated investors to accelerate its growth in battery and clean energy waste recycling. The funds will be used to expand battery collections, consolidate operations into a centralized hub, and advance strategic recycling initiatives, including REE and PV recycling. This capital injection is expected to enhance Livium’s capacity and efficiency, positioning it as a key player in the clean energy waste supply chain and promising sustainable returns for shareholders.
More about Lithium Australia NL
Livium Ltd operates in the recycling industry, focusing on lithium-ion battery recycling. The company aims to expand its operations into recycling rare earth elements (REE), photovoltaic (PV) panels, and black mass processing, positioning itself as a leader in clean energy waste recycling in Australia.
Average Trading Volume: 5,232,029
Technical Sentiment Signal: Sell
Current Market Cap: A$25.53M
Learn more about LIT stock on TipRanks’ Stock Analysis page.