Lithium Australia

Lithium Australia (ASX:LIT) is at the forefront of advanced materials development to ensure an ethical and sustainable future for the global battery industry. Lithium Australia is achieving this via its wholly owned subsidiaries: Envirostream, is leading Australia’s battery recycling industry and is at the cutting edge of delivering safe and innovative management solutions to one of the Australian waste industry’s biggest challenges. Its state-of-the-art Victorian-based battery processing facilities are providing a sustainable solution by collecting, sorting and processing critical battery metals from all types of spent batteries to power the batteries of tomorrow. With battery recycling partnerships alongside some of Australia’s leading brands (including Bunnings and Officeworks), Envirostream is set to benefit from B-cycle, the Australian government-backed battery recycling scheme which provides rebates for collection, sorting, and processing of batteries. These combined provide the platform for national expansion. VSPC has 20 years’ experience and develops leading-edge materials for e-mobility and energy storage applications and, ultimately, a zero-carbon economy. Its patents cover the production of advanced powders for next-generation lithium-ion batteries, especially lithium ferro phosphate (‘LFP’). Currently, demand for LFP represents more than half the global market for lithium-ion battery materials. The Company is one of only a few entities outside of China with the technical expertise to manufacture LFP powder of the highest quality to meet those burgeoning market pressures. VSPC is now on a clear path to production. With an R&D facility (pilot plant) in Queensland, a Definitive Feasibility Study (‘DFS’) for an initial 10,000tpa LFP manufacturing facility underway and with customer offtake discussions advancing in parallel, VSPC is positioning for its first commercial footprint.