Nov 20, 2024
Presentation Highlights:
- Livium Ltd. (ASX: LIT) is Australia’s leading battery recycler and is a key player in the global shift to increasingly sustainable lithium supply chains through its battery recycling operations, lithium ferro phosphate production, and patented material extraction technology.
- With revenue generated and positive cash flow achieved, Livium demonstrates a strong balance sheet having cash listed investments of 4.2M USD, and a market capitalization of 16.1M USD as of September 30, 2024. Livium’s performance has been enhanced from its exclusive recycling agreements with OEMs and battery manufacturing industry leaders added to Livium’s growing pipeline, including: BYD1, LG Energy Solution, Tesla, Volvo, and Hyundai Glovis. The strategic JDA partnership with Mineral Resources (MinRes) has positioned Livium to rapidly scale up the commercialization of its LieNA®technology, as the piloting and an engineering study are on track for completion by end of 2024.
- Further, the Company is pleased to announce the launch of its new website. The website will provide investors with up-to-date information regarding the Company profile, divisions of Livium (formerly Lithium Australia), past ASX announcements and financial reports, its corporate governance practices and corporate directory.
The new website can be viewed here: https://liviumcorp.com/.
Nov 18, 2024
Release Highlights:
- Livium has finalized the sale of its 30% interest in the Bynoe Lithium Project to Charger Metals NL for cash consideration of AUD 500K.
- The sale is aligned with Livium’s strategic focus on existing operations and provides balance sheet flexibility for key growth initiatives.
- As previously announced on November 7th, 2024, Charger Metals exercised its pre-emptive rights to acquire Livium’s remaining interest in the Bynoe Lithium Project. The transaction was subject to a number of conditions, which have all been satisfied.
Nov 07, 2024
Release Highlights:
- Livium Ltd. (ASX: LTD) to sell its remaining 30% interest in the Bynoe Lithium Project to Charger Metals for AUD 500K
- The sale agreement was entered into with Core Lithium, with Charger Metals having elected to execute its pre-emptive rights to acquire the interest prior to the expiry of the pre-emption period
- This transaction is aligned with Livium’s strategic focus on existing operations and provides balance sheet flexibility for key growth initiatives.
Nov 04, 2024
Release Highlights:
- Livium has been awarded a ~A$850k grant from the Western Australian government ▪ The grant will be used to partially fund the development of a battery recycling facility in WA.
- This grant is being awarded under the WA government’s electronic waste infrastructure grant funding program.
- The development of a WA recycling facility is aligned with the Company’s strategic objective of developing nationwide collection, sorting and storage capabilities.
Nov 01, 2024
Arrowhead is updating its coverage on Livium Ltd (“Livium”) with a fair value bracket of AUD 0.12 – AUD 0.16 (Share Price on October 31, 2024: AUD 0.02) based on a Net Present Value (NPV) methodology.
Report Highlights:
- Livium Ltd, formerly known as Lithium Australia Limited, is an Australian company leading the circular economy in the lithium-ion battery materials industry. The company specializes in battery recycling, the production of a critical battery material lithium ferrophosphate (LFP) and is also developing a patented lithium extraction technology. Livium is listed on the Australian Stock Exchange – (ASX: LIT).
- The company has signed exclusive agreements with BYD Auto, Infinitev, LG Energy Solution, Hyundai Glovis, and Volvo Group Australia to recycle their end-of-life batteries.
- In Q1 FY2025, Livium sold its ownership in Charger Metals NL (ASX:CHR) to Core Lithium Ltd (ASX:CXO), receiving 0.8 CXO shares for each CHR share, representing a consideration of AUD 541,000.
- Additionally, the company sold its 30% stake in the Bynoe Lithium Project to Core Lithium for AUD 500,000, pending Charger Metals’ pre-emptive rights.
- The company raised AUD 952,625 through their share purchase plan, announced in July 2024.
- Livium’s LFP development technology was granted a patent in Chile in Q1 FY2025, thereby validating the viability of the company’s unique manufacturing process.
Oct 30, 2024
Release Highlights:
- Lithium Australia Limited (ASX: LIT) (the “Company”) is pleased to advise that following receipt of shareholder approval at the Company’s Annual General Meeting held on 29 October 2024, the Company has changed its name from Lithium Australia Ltd. to Livium Ltd.
- The change of Company name process has now been completed with the Australian Securities and Investments Commission effective from 30 October 2024. The Company’s Australian Securities Exchange (ASX) code will remain as ‘LIT.’ In accordance with ASX Listing Rule 15.4, please find attached a copy of the Company’s Constitution updated for the change of name.
- Livium Ltd. will migrate to a new website soon in the coming days and will update the market of this change in due course. Stay tuned for more information.