Lithium Australia NL (ASX: LIT) has finalised its acquisition of advanced cathode material production technology, acquiring 99.7% of the equity in Brisbane-based technology company the Very Small Particle Company (VSPC).
Following its announcement yesterday that it had finalised its acquisition of the Very Small Particle Company, Lithium Australia (ASX:LIT) has this morning informed the market it has found abundant lithium micas within the ore found at its Lepidolite Hill project.
Lithium Australia NL (ASX:LIT) has finalised its acquisition of advanced cathode material production technology, acquiring 99.7% of the equity in Brisbane-based technology company — the Very Small Particle Company (VSPC).
Lithium Australia NL (ASX:LIT), a small-cap looking to mine lithium as well as establish a vertically integrated lithium processing business, is undertaking the final steps towards getting its large-scale pilot plant up and running.
At this stage, as the company finishes its front-end engineering and design studies, it is also assessing feed sources for the first 12 months of operation.
In a world that is becoming increasingly environmentally conscious, electric vehicles and the lithium-ion batteries that power them will play an increasingly important role in reducing carbon emissions.
Taking the environmental theme of lithium-ion batteries a step further is Lithium Australia NL (ASX:LIT). It’s true that resource companies aren’t usually associated with positive environmental issues.
Lithium Australia NL (ASX: LIT) has advanced its acquisition of Brisbane battery cathode developer, the Very Small Particle Company Ltd (VSPC), with LIT and major VSPC shareholders executing a binding share sale and purchase agreement.
The Association of Mining and Exploration Companies (AMEC) on behalf of its members commissioned a report “A lithium industry in Australia: A value chain analysis for downstreaming Australia’s lithium resources” by Future Smart Strategies.