Lithium Australia NL’s (ASX:LIT) (OTCMKTS:LMMFF) (FRA:3MW) Adrian Griffin caught up with Proactive’s Katie Pilbeam following the news they’ve raised $4.5 million in a strongly supported share purchase plan (SPP) – more than double the initial $2 million target.
The funds raised, in conjunction with $4 million in placement funds, will be used to progress the company’s sustainable energy metals strategy as well as retiring all debt.
Lithium Australia’s (ASX:LIT) Adrian Griffin speaks to Proactive’s Andrew Scott following the news its subsidiary Envirostream Australia Pty Ltd has completed plant sampling for the micronutrient field trial using zinc and manganese from its recycling of alkaline batteries Use of these recycled materials as micronutrients is being compared to conventional mono-ammonium phosphate (MAP) fertiliser. Griffin also details a new JV with Okapi Resources (ASX:OKR) focused on their Mount Day and Medcalf tenements at Lake Johnston in Western Australia.
Lithium Australia NL (ASX:LIT) managing director Adrian Griffin tells Proactive about a recent deal for battery recycling subsidiary Envirostream for the supply of spent EV batteries.
Griffin said Lithium Australia was the only company in Australia at the moment capable of recycling EV batteries, having undertaken several test runs to recycle the components “showing that we can go full cycle”.
The company’s joint venture Soluna Australia Pty Ltd has also received the green light to install its three-phase battery energy storage system using the Clean Energy Council’s Better Practice Guide.
Lithium Australia NL’s (ASX:LIT) Adrian Griffin caught up with Proactive’s Andrew Scott after announcing they’ve produced high-performance battery cells using lithium recovered from mine waste and spent lithium-ion batteries via its proprietary technology.
Its subsidiary VSPC’s lithium ferro phosphate material was used to create battery cells for electrochemical testing and the results exceeded the capacity specifications of commercial battery-cell manufacturers.
Lithium Australia NL’s (ASX:LIT) Adrian Griffin tells Proactive’s Andrew Scott they had incredible support for its $4 million placement and they’re intending to raise up to a further $2 million in a share purchase plan (SPP).
Funds from the capital raising will be used to accelerate revenue growth for the company’s Envirostream Australia Pty Ltd battery recycling and Soluna Australia Pty Ltd renewable energy storage system subsidiaries.
Lithium Australia’s (ASX:LIT) Adrian Griffin tells Proactive’s Andrew Scott its Melbourne based battery recycling division Envirostream Australia Pty Ltd has been classified as an essential service and is operating as usual despite COVID-19 restrictions.
The Australian federal government is making grants available to stimulate the recycling industry as a whole and Lithium Australia is one of the company’s benefiting from the scheme.
Lithium Australia NL‘s (ASX:LIT) Adrian Griffin caught up with Proactive’s Andrew Scott to discuss its quarterly update to June. He says despite the COVID-19 outbreak June was a bumper quarter for the company. Among the highlights they’ve been awarded a grant to build a pilot plant for their spodumene processing technology. They’ve also received two other grants to advance its cathode manufacturing business.
Lithium Australia NL’s (ASX:LIT) Adrian Griffin speaks to Proactive’s Andrew Scott as the company’s Soluna Australia Pty Ltd joint venture with DLG Energy Co Ltd announced it’s achieved first sales and installations for its battery systems. Griffin adds that they’re seeking expressions of interest to advance commercialisation of its LieNA® lithium extraction technology, which improves the sustainability of lithium production.
Lithium Australia NL (ASX:LIT) managing director Adrian Griffin updates Proactive on a $6.3 million funding agreement with The Lind Partners, long-time supporters of the company’s diversified battery strategy.
Lind has agreed to invest in the company through a convertible security and share purchase funding agreement with an initial investment of $3 million to fund battery sales and battery recycling growth.
Proceeds will be used alongside Lithium Australia’s current cash to fund the growth of the Soluna Australia battery business, commercialisation of the company’s cathode business and growth of its battery recycling business.
Lithium Australia NL (ASX:LIT) managing director Adrian Griffin updates Proactive on the company’s 24% subsidiary Envirostream Australia Pty Ltd signing an MoU with South Korean company SungEel HiTech Co Ltd.
SungEel recovers critical energy metals from LIB scrap and has become one of the world’s largest battery recyclers.
This company has agreed that Envirostream will have exclusivity of mixed metal dust (MMD) supply from Australia.
Envirostream is the only company in Australia with the integrated capacity to collect, sort, shred and separate all the components of spent LIBs.
Lithium Australia (ASX: LIT) managing director Adrian Griffin updates Proactive on the establishment of a clear corporate dashboard to reorganise the company’s main assets into four business divisions in order to improve management and investor focus.
The company’s entire lithium-ion battery (LIB) production cycle will be integrated within four business divisions – raw materials, lithium chemicals, batteries and recycling.
Griffin said he hoped this would enable investors to better tailor their investment focus into specific interest sectors and benefit from greater investment flexibility in terms of the energy-metal cycle.
Lithium Australia NL‘s head of Battery Metals Mike Vaisey updates Proactive on the latest developments with the company’s subsidiary VSPC using lithium phosphate from spent lithium-ion batteries to create high-quality cathode material to be re-used in batteries.
The cathode material produced exceeded VSPC standards for electrochemical performance.
Lithium Australia is now in discussions with industry players in China and elsewhere as it seeks to establish a supply chain for the newly created and tested lithium-ferro-phosphate (LFP) cathode material produced from the recycled process.
Lithium Australia NL (ASX:LIT) managing director Adrian Griffin updates Proactive Investors on the company’s milestone innovation in recycling lithium from old used batteries.
Griffin says the process of producing lithium-ferro-phosphate (LFP) cathode powder from the recycled lithium is being successfully undertaken by Lithium Australia, and is a major breakthrough for lithium and batteries as well as enhancing environment sustainability.
A major recycling challenge is to reduce batteries ending up in landfill and LIT’s breakthrough paves the way for the re-birthing of cathode materials.
Lithium Australia NL (ASX:LIT) managing director Adrian Griffin speaks to Proactive Investors about development of the company’s wholly-owned Sadisdorf Lithium-Tin Project in Germany. Significant progress has been made with the proprietary SiLeach® process, which boosts the potential of the project and may enhance opportunity internationally.
Griffin also describes recent shifts in European energy policy and trends that reflect favourably for the integrated lithium producer.
Adrian Griffin, managing director of Lithium Australia NL (ASX:LIT), provides Proactive Investors with an overview of progress made throughout 2018 towards the company’s stated strategic goal of closing the loop on lithium supply.
Topics of discussion include exploration projects, the acquisition of VSPC Ltd and development of the SiLeach® process for extracting lithium chemicals from mica, the production of both cathode and anode powders, development of the LieNA lithium extraction from spodumene process, and recycling works.
Speaking about the latter, Griffin says, “If you look at current processing technologies on a global basis, only [about 9%] of lithium ion batteries ever get back into the supply chain via recycling route and the rest go to landfill. In Australia, the proportion that gets back into the recycling chain is diminishing [currently around 2%]… the material in those lithium ion batteries has a grade that is about 100 times higher than an ore body that’s required to produce a battery in the first place. So it should be very cheap material.”
Lithium Australia NL (ASX:LIT) managing director Adrian Griffin speaks to Proactive Investors about the company’s recent world first; producing lithium-ion batteries using cathode powder made from lithium-iron-phosphate material derived from mine waste using the proprietary SiLeach® process.
The batteries performed on par with standard lithium carbonate batteries, and have a superior safety profile as they tend to not overheat during charging, amongst other benefits.
This latest achievement demonstrates Lithium Australia’s strategy of ‘closing the loop’ on the lithium value chain.
Lithium Australia’s (ASX:LIT) managing director Adrian Griffin tells Proactive London’s Andrew Scott they’ve achieved a lithium recovery of +90% using their SiLeach process at the ANSTO Minerals pilot plant in New South Wales.
Final reporting and data analysis by ANSTO supports overall recovery to a product containing 90% to 95% tri-lithium phosphate (Li3PO4)
Adrian Griffin, managing director of Lithium Australia NL (ASX:LIT), speaks to Proactive Investors ahead of presenting at the Technology and Low Emission Minerals Conference in Perth, Western Australia.
Lithium Australia NL (ASX:LIT) managing director Adrian Griffin speaks to Proactive Investors about the recent grand reopening of Australia’s only cathode powder pilot plant and battery-testing facility, in Brisbane, Queensland.
Adrian Griffin, managing director of Lithium Australia NL (ASX:LIT), speaks to Proactive Investors about the two-stage SiLeach® pilot plant trial at ANSTO Minerals.
SiLeach® is a proprietary process for extracting lithium from mine waste materials to produce lithium chemicals. In a world first, Lithium Australia aims to convert mine waste to lithium-ion batteries.
Griffin describes Stage I results as ‘spectacular.’ Proactive Investors can reveal that Stage II testing began two days ago, producing lithium phosphate within 16 hours of starting up.
Adrian Griffin, Managing Director of Lithium Australia joins ausbiz to discuss the companies $4 million raise through a heavily oversubscribed placement, and $2 million share purchase plan
The Assay TV spoke recently spoke with Adrian Griffin, Managing Director at Lithium Australia.
Lithium Australia – disruptive technology for the primary recovery of lithium from silicate minerals. Recycling of the “Energy Metals” to rebirth Li-ion batteries and advanced technology for the production of battery cathode materials. Lithium Australia’s technologies close the life-cycle loop to create a sustainable future for Li-ion batteries. Lithium Australia is possibly the only company in the Li-ion battery space with the capacity to provide complete vertical integration in the supply chain.
Lithium Australia has recovered used alkaline battery metal dust and used it as a micro-nutrient supplement for plant fertilisers.
In an extraordinary demonstration of its aim to “close the loop” on the energy-metal cycle, Lithium Australia has tabled its initial results from test work using recovered alkaline battery metal dust to create a micro-nutrient supplement for plant fertilisers.
Lithium Australia Managing Director Adrian Griffin. Picture: Supplied
Lithium Australia has firmed up its alliance with Chinese battery manufacturer DLG Battery with the formation of a joint marketing division that will provide a range of lithium-ion batteries, or “LIBs”, with a focus on industry-scale energy storage products.
Lithium Australia Managing Director Adrian Griffin (left) and DLG Battery’s Jeffery Wu. Picture: Supplied
Lithium Australia has fired its latest salvo in its bid to become a leading lithium-ion, or “LIB”, battery supplier, forming an alliance with DLG Battery – one of China’s ten largest battery manufacturers.
The two parties have reached a letter of intent to establish an equal joint venture – Lithium Australia DLG – to supply and sell LIB cells, packs and modules in Australia.
ASX listed Lithium Australia has confirmed very wide intersections of lithium mineralisation from its maiden drill program at the Sadisdorf project in far east Germany, where it shares a border with the Czech Republic.
LITHIUM Australia managing director Adrian Griffin is encouraging people to show concern for others and act with caution regarding their own exposure to COVID-19 as the pandemic causes the company to slash costs and join the queue for the federal government’s COVID-19-busting JobKeeper program. View article
Perth, Australia-based Lithium Australia NL (ASX: LIT) extracts, acquires, recovers and develops lithium projects and aims to sustainably close the loop on the energy-metal cycle, and thus create a circular battery economy with recycling of old lithium-ion batteries (LIBs) intrinsic to this plan.
Lithium Australia’s VSPC will develop fast-charging batteries for next generation trams in collaboration with CSIRO, University of Queensland and Soluna Australia.
Lithium Australia’s (ASX: LIT) wholly-owned subsidiary VSPC has secured a $1.6 million federal government grant to advance a $5 million battery development program focused on developing fast-charging lithium-ion batteries for trams.
Lithium Australia has produced refined lithium phosphate from spent lithium-ion batteries, offering a recycling solution and paving the way for the re-birthing of cathode materials.
Battery minerals developer Lithium Australia (ASX: LIT) has found a way to recover lithium from spent lithium-ion batteries, offering a sustainable solution to the major recycling challenge of batteries being disposed in landfill.
Recycling needed to meet long-term demand
Speaking with Small Caps, Mr Griffin said current mining plus planned projects and expansions will not meet long-term consumption needs and alternative sources of lithium “may prove more attractive as genuine supply shortages put pressure on conventional production”.
He said by 2030, about 3.5 million tonnes of lithium carbonate equivalent will be required each year for use in electric vehicles alone, yet global lithium production is currently at around 200,000tpa.
Under the partnership between Lithium Australia and Envirostream, the parties will ensure critical battery metals from recycled batteries remain under Australian control.
Lithium Australia (ASX: LIT) has joined forces with the country’s leading lithium-ion battery recycling company Envirostream Australia Pty Ltd to develop methods of extracting critical metals from spent batteries.
Rock sampling at the Youanmi project has identified values of up to 4.2% lithium oxide, with anomalous caesium and tantalum also present.
Disruptive battery technology developer Lithium Australia (ASX: LIT) is planning a drilling campaign at its Youanmi project in Western Australia after field work confirmed the presence of lepidolite-bearing pegmatites.
Lithium Australia will be shipping its lithium-iron phosphate cathode material to Chinese battery manufacturers for testing.
Lithium Australia (ASX: LIT) is about to ship its technologically advanced lithium-iron phosphate cathode powders to China after producing the material through its recently commissioned VSPC plant in Queensland.
Lithium Australia looks to fuel Europe’s accelerating electric vehicle market with its polymetallic Sadisdorf project in Germany.
Drilling at Lithium Australia’s (ASX: LIT) Sadisdorf project in Germany has revealed lithium-mica intersections up to 78.51m thick, on what the company refers to as “the doorstep” of Europe’s accelerating electric vehicle industry.
Lithium Australia’s subsidiary VSPC can produce lithium-ion cathode material from expired lithium-ion batteries.
Lithium Australia’s (ASX: LIT) subsidiary VSPC (formerly the Very Small Particle Company) has recommissioned its Brisbane-based pilot plant and produced its first proprietary lithium-iron-phosphate commercial samples for testing in lithium-ion battery cathodes.
Lithium Australia’s subsidiary the Very Small Particle Company has begun bench-scale processing of its lithium-ion battery cathode materials using its proprietary processes.
Disruptive technology developer Lithium Australia (ASX: LIT) is another step closer to commercialising its technology after reporting bench-scale processing had begun using its proprietary processes for producing lithium-ion battery cathode materials.
Lithium Australia managing director Adrian Griffin at the Sadisdorf tin deposit.
Junior lithium explorer and cutting-edge lithium extraction technology developer Lithium Australia (ASX: LIT) has announced encouraging preliminary results from its first drilling campaign at the Sadisdorf tin deposit in Germany.
Poseidon Nickel Limited (ASX: POS) has entered into a Memorandum of Understanding (MOU) with Lithium Australia (ASX: LIT) to complete due diligence and negotiate key commercial terms that will underpin a final agreement.
A new study has found that a proposed large-scale US$42 million lithium processing pilot plant can be cash positive using Lithium Australia‘s (ASX: LIT) technology, and indicates that mica material can be a competitive source of commercial lithium products.
ADRIAN Griffin is set to become a veritable battery salesman after multi-faceted Lithium Australia signed a letter of intent with Chinese battery producer DLG Battery to supply and sell lithium-ion batteries in Australia.
Adrian Griffin and DLG’s Jefferey Wu
Details of the planned 50:50 Lithium Australia DLG business were scant, with the two “intend(ing) to complete the required planning” by June 30.
Meanwhile Lithium Australia will purchase “an initial battery inventory” through the issue to DLG of 12.5 million shares at the prevailing market price of A8c each.
DLG is described as “one of the ten largest battery manufacturers in China … (with) six development and manufacturing facilities there, as well as sales and support offices in the United States and Europe”.
It is said to develop and manufacture cylindrical LIB cells, packs and systems, producing not only lithium-iron-phosphate and lithium-nickelmanganese-cobalt battery cell types but also battery-management-system and pack technology.
“Having developed significant intellectual property (more than 50 issued patents), DLG sells products for use in consumer electronics, electric vehicles, energy storage systems, e-bikes and many other applications,” Lithium Australia said.
The two firms will also form a technology alliance aiming to fast track the commercialisation of cathode powders produced by a subsidiary of the ASX firm in Brisbane, with the aim being for the powders to be used in DLG batteries.
Lithium Australia started the current quarter with $9.3 million cash.
So far as ASX investors were concerned, the overall venture evidently sounds promising.
Shares in Lithium Australia were up 13% to 8.8c in late trade, capitalising the company at $41 million.
Can the critical materials LIBs contain be retrieved effectively enough to provide commercial and environmental benefits?
Question: Can lithium-ion batteries be recycled?
Right now, Australia lags behind the rest of the world in battery recycling, with only 3 per cent – predominantly lithium-ion batteries (LIBs) – returned for reprocessing nationally.
Recycling such materials onshore could augment the federal government’s Critical Minerals Strategy, formally launched last month. That strategy, while strongly focused on raw materials and supply chains, acknowledges the impact of innovation in processing to recover not only primary metals but also a range of by-products.
Lithium Australia NL plans to help double Envirostream Australia Pty Ltd.’s lithium-ion battery shredding capacity after acquiring an 18.9% stake in the company, according to Lithium Australia Managing Director Adrian Griffin, who said the aim is to provide feed for Lithium Australia’s recently recommissioned cathode pilot plant in Brisbane, Australia.
The Pick Magazine
Low Emissions Conference Q&A Adrian Griffin
21 November 2018 – The Pick Magazine
We sat down with Lithium Australia Managing Director, Adrian Griffin, to talk about how Lithium Australia does its best to create a circular economy, and convert waste materials to lithium ion batteries.
The Pick is Australasia’s premier resource sector new platform. It is backed by some of the regions most connected journalists, content creators and digital specialist. It is more than a news site to “tell a story”, rather it is the place where stories originate from – before being amplified directly to REAL investors.
The changing policies of the Australian federal government, with respect to support for research and development, have had an impact on the future plans of Lithium Australia NL (ASX: LIT). As current policies reduce the support provided in developing new technologies, Lithium Australia is overhauling its research and development activities to allow its programs to be expedited.
Economically recovering lithium from mine waste without expensive and energy hungry “roasting” of the feed stock may seem like a lofty goal, but Lithium Australia is now well on its way towards proving that its proprietary SiLeach technology can do just that.
Lithium Australia has brought back online Australia’s only lithium-cathode pilot plant and battery testing facility with a stern word of advice to governments to pick up their game if we are to have a future in the lithium market.
Lithium Australia’s (ASX:LIT) managing director Adrian Griffin is calling for high-end political backing for Australia’s own “Lithium Valley”.
The Sophisticated Investor
Production of Li-ION batteries from mine waste – management update
3 December 2018 – The Sophisticated Investor
Interview with managing director, Adrian Griffin to discuss the successful production of Li-ION batteries from mine waste.
Wally Graham discusses proposed changes to the Research and Development Tax Incentive that threatens to hinder emerging miners.
Lithium Australia makes strides in war on waste 25 July 2018 – Finfeed Mining When it comes to global gold production, Western Australia’s prestigious goldfields rank second after China. By way of contrast, WA is now the world’s largest lithium producer, given the state’s “lithium fields”. These host abundant pegmatites, many of which contain lithium micas – which have long been considered waste by the mining industry.
Lithium Australia commences production of lithium ion cathodes from VSPC 23 July 2018 – Proactive Investors AustraliaLithium Australia (ASX:LIT) is a processing technology business with one of its major projects in Germany. The company has also been working on a lithium-ion cathode production facility, entitled the Very Small Particle Company, which has just started producing lithium-ion phosphate.
Western Australia’s opportunity to carve out a larger share of the $213bn lithium-based battery value chain could be under threat by federal Government moves to change the existing research and development grants and rebates system in its latest Budget.
Lithium Australia (ASX:LIT) will, subject to regulatory requirements, acquire 100% of the Sadisdorf lithium/tin resource from Tin International AG. Consultant CSA Global has estimated that the Sadisdorf Project has an Inferred Mineral Resource of 25 million tonnes grading 0.45% Li2O¹. Significantly the lithium is contained within lithium micas within alteration around tin mineralization, the latter being the subject of historic mining. The lithium micas can be readily concentrated after the removal of tin by conventional gravity separation. Lithium has been very successfully extracted from Sadisdorf mica concentrates using LIT’s SiLeach® process.
Adrian Griffin, managing director of Lithium Australia NL (ASX:LIT), speaks to Proactive Investors about the integrated battery metal producer’s proprietary SiLeach® lithium processing technology.
Last week the company applied for two global patents relating to the production and recovery of lithium phosphate and lithium sulphate from lithium-bearing silicates.The enhancements will reduce capital and operating costs and improve product quality.
“For us it is the silver bullet because potentially it reduces capital costs and operating costs, so that’s quite significant. It also helps us produce a lithium chemical with a much higher purity; we can take the lithium through to carbonate or hydroxide, or as the phosphate as the case may be. And that step – removing the lithium as a phosphate – is not only a step that takes the lithium out of solution at lower concentrations, but also helps us to purify that solution as we do that process,” explains Griffin.
Lithium Australia NL (ASX:LIT) managing director Adrian Griffin speaks to Proactive Investors about the integrated battery metal producer’s recently announced purchase of the Sadisdorf Lithium Tin Project in Saxony, Germany from Tin International AG.
It was a farm-in and joint-venture with Tin International. The recent drilling that we’ve done does confirm the size of the deposit, and it’s open, so will grow… We’ve looked at the mineralogy, we know what the lithium distribution is, we’ve got access to underground workings so we’ve re-sampled much of that. So we can see the deposit in three dimensions, you can walk through it, and that gives you a lot of confidence. Not only that, we have produced lithium concentrate from it, and taken that right through to the extraction of lithium. So we see it as relatively low risk,” says Griffin.
Lithium Australia NL (ASX:LIT) Managing Director Adrian Griffin tells Proactive Investors the lithium mining company is in New York for the 121 Mining Conference and has some exciting news regarding significant cobalt findings.
Griffin says Lithium Australia had found extensive copper vein systems at their Eichigt project in Germany, discovering not only copper but lithium and cobalt within the vein. Griffin says the most recent samples have come up to about 1.5% cobalt, about 0.5% copper, and 0.7% lithium.
Lithium Australia NL (ASX:LIT) managing director Adrian Griffin speaks to Proactive Investors about the integrated battery metal producer’s recent surprise discovery of cobalt at the Eichigt project, near its flagship resource at Sadisdorf in Saxony, Germany.
“The style of mineralisation is quite interesting in that copper, cobalt, manganese and lithium doesn’t occur together in many mineral occurrences… we are of course on the doorstep of the EV industry in Europe, and that EV industry will have a requirement for a lot of cobalt over the next few decades, I would imagine, and beyond. So this gives us a very good exploration target to service those markets,” says Griffin.
Lithium Australia NL (ASX:LIT) this morning revealed the first results of its maiden exploration program at the Eichigt Project in Germany, confirming the presence of strong cobalt and copper mineralisation at surface.
Lithium Australia NL (ASX: LIT) subsidiary, the Very Small Particle Company Ltd (VSPC), is making strong progress towards commercialisation of its patented battery cathode materials production technology.
Lithium Australia NL (ASX:LIT) this morning reported that its subsidiary, the Very Small Particle Company Ltd (VSPC), is making strong progress towards commercialisation of its patented battery cathode materials production technology.
Lithium Australia NL (ASX:LIT) has announced the preliminary results of its first drilling campaign at Sadisdorf, Germany. The project is a farm-in and JV with Tin International AG, a subsidiary of exchange listed Deutsche Rohstoff AG (FRA:DR0) as partner.
Lithium Australia will apply for an additional patent for its SiLeach, chemical based lithium extraction process after fine-tuning for a proposed large scale pilot plant led to a breakthrough improvement.
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.
As the global lithium arms race continues, Australian resources companies are keen to stay ahead of developments. As a commodity, lithium is on-track to carve out its own distinct market niche fuelled by lithium-ion batteries; therefore, the chase for ample high-grade lithium resources has begun in earnest.
Lithium Australia’s proposed acquisition of a Brisbane-based Lithium-ion battery cathode developer known as the Very Small Particle Company or “VSPC”, has been boosted by news of strong test results from an independent laboratory in Germany.
Lithium Australia are working on a range of financing options ahead of an anticipated green-light decision for a US$42m large scale pilot plant for their breakthrough Sileach Lithium processing technology.
Lithium Australia’s highly strategic acquisition of the Brisbane-based Very Small Particle Company or “VSPC” is now only subject to shareholder approval after the successful completion of due diligence.
Lithium Australia NL is moving closer to the completion of due diligence on the proposed acquisition of Australian battery cathode developer Very Small Particle Co. Ltd. and the results are promising, according to Managing Director Adrian Griffin.
In what looks to be a perfect pairing, Lithium Australia and Poseidon Nickel have joined forces in a strategic deal that could see Lake Johnston emerge as a hub for the production of Lithium concentrates and downstream processing.
If you accept that the march towards electrification of automobiles is now unstoppable and that it is largely the Lithium-ion battery that is making this happen, then it follows that over the decades to come, a myriad of lucrative business opportunities up and down the Lithium value chain will present themselves.
Was macht ein australisches Bergbauunternehmen mitten in der sächsischen Provinz? Im Fall von Lithium Australia NL (ASX: LIT; WKN: A14XX2; ISIN: AU000000LIT3) ist der Name Programm: Dank einer Kooperation mit einem Tochter-Unternehmen der Deutschen Rohstoff AG hat es die auf Lithium spezialisierte Gesellschaft nach Sadisdorf in Sachsen verschlagen. Während Tin International als Tochter der Deutschen Rohstoff AG nach Zinn sucht, soll Lithium Australia das ebenfalls im Boden befindliche Lithium fördern. Miningscout hat das Projekt Anfang Dezember 2017 besucht und sich einen Überblick verschafft.
What is an Australian mining company doing in the middle of the Saxon province? In the case of Lithium Australia NL (ASX: LIT, WKN: A14XX2, ISIN: AU000000LIT3), the name says it all: Thanks to a cooperation with a subsidiary of Deutsche Rohstoff AG, the company specializing in lithium went to Sadisdorf in Saxony. While Tin International, a subsidiary of Deutsche Rohstoff AG, is looking for tin, Lithium Australia is expected to produce lithium, which is also in the soil. Miningscout visited the project in early December 2017 and got an overview.
Australian Securities Exchange
Lithium Australia NL is listed on the Australian Securities Exchange (ASX: LIT).