Lithium Australia Limited

LIT

AU000000LIT3

Specialty Mining & Metals

Market Closed - Australian S.E. Other stock markets 02:10:44 2024-04-26 am EDT			5-day change	1st Jan Change
0.028 ^AUD	-3.45%		0.00%	-6.67%

Apr. 16	Lithium Australia Signs MOU with Centrex for Manufacturing Plant Development	MT
Apr. 05	Lithium Australia Draws Down AU$1.3 Million from Mineral Resources	MT

Lithium Australia recycling subsidiary Envirostream inks 3-year agreement with Hyundai Glovis

March 25, 2024 at 02:36 pm EDT

(via NewsDirect)

Lithium Australia CEO and managing director Simon Linge joins Jonathan Jackson in the Proactive studio to discuss recent developments with Lithium Australia's subsidiary, Envirostream, which has inked a three-year agreement with Hyundai Glovis to provide battery recycling services in Australia.

Envirostream's collaboration with Hyundai Glovis, a notable logistics entity under the Hyundai Motor Group, is set to bolster the collection volumes of large-format lithium-ion batteries. This partnership aligns with the rising demand for battery recycling services, spotlighting the expanding market opportunity in this sector.

Lithium Australia’s growth strategy is evident in its systematic approach to securing recycling agreements with premier electric vehicle (EV) and energy storage system (ESS) manufacturers, aiming to ensure a consistent supply of lithium-ion batteries for recycling. The agreement with Hyundai Glovis marks a significant step, following a previous deal with LG Energy Solution, demonstrating LIT’s commitment to enhancing its position in the battery recycling industry.

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

Latest news about Lithium Australia Limited

Lithium Australia Signs MOU with Centrex for Manufacturing Plant Development	Apr. 15	MT
Lithium Australia Draws Down AU$1.3 Million from Mineral Resources	Apr. 04	MT
Lithium Australia Signs Three-Year Licensing Deal with Hyundai Glovis	Mar. 24	MT
Lithium Australia Subsidiary, LG Energy Solution Sign Exclusive Battery Recycling Deal	Mar. 17	MT
Lithium Australia Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Feb. 27	CI
Lithium Australia Secures R&D Tax Rebate for Fiscal Year 2023	Feb. 01	MT
Charger Metals NL completed the acquisition of remaining 30% stake in Lake Johnston Lithium Project in Western Australia from Lithium Australia Limited.	Jan. 10	CI
Lithium Australia, First Phosphate Eye Lithium Iron Phosphate Plant in North America; Shares Fall 3%	Dec. 06	MT
First Phosphate Corp. and Lithium Australia Limited Sign MOU for Joint Development of an LFP / LMFP Pilot and Commercial Plant	Dec. 06	CI
Lithium Australia Selling Remaining 30% Stake in Lake Johnston Lithium Project	Nov. 20	MT
Charger Metals NL entered into a binding agreement to acquire remaining 30% stake in Lake Johnston Lithium Project in Western Australia from Lithium Australia Limited for AUD 2 million.	Nov. 19	CI
Medallion Metals to Sub-Lease Worker Accommodation for AU$2.2 Million	23-09-27	MT
Lithium Australia Limited Announces Change of Registered Office and Principal Place of Business	23-09-21	CI
Lithium Australia Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-08-30	CI
Lithium Australia CEO Gets Additional Managing Director Role	23-08-20	MT
Lithium Australia Ltd Appoints Mr. Simon Linge to Board	23-08-20	CI
Lithium Australia signs deal with Mineral Resources for Queensland pilot project	23-08-06	RE
Lithium Australia signs deal with Mineral Resources to form JV	23-08-06	RE
Eastern Resources Begins Fieldwork at Lepidolite Hill Lithium Project; Shares Shrink 8%	23-07-16	MT
Charger Metals NL cancelled the acquisition of 30% stake in the Lake Johnston Lithium Project from Lithium Australia Limited	23-06-12	CI
Eastern Resources Acquires 70% of Lepidolite Hill Lithium Project	23-06-06	MT
Eastern Resources Limited completed the acquisition of 70% interest of Lepidolite Hill Lithium Project from Lithium Australia Limited.	23-06-06	CI
Lithium Australia Launches Unmarketable Share Sale Facility	23-05-23	MT
Eastern Resources Limited entered into a binding agreement to acquire 70% interest of Lepidolite Hill Lithium Project from Lithium Australia Limited for AUD 0.55 million.	23-05-07	CI
Lithium Australia Subsidiary's LFP Cathode Powder Independently Assessed at NOVONIX; Shares Rise 6%	23-04-12	MT

Chart Lithium Australia Limited

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Company Profile

Lithium Australia Limited is an Australia-based company, which develops processing technology to produce lithium ferro phosphate, and also develops lithium extraction technology. The Company's Lithium Chemicals segment consists of research and development of a suite of extraction and refining technologies for the recovery of lithium chemicals from various materials, including spodumene, lithium micas and end of life lithium-ion batteries. Its Battery Materials segment provides research and development of advanced, battery materials, including lithium ferro phosphate and lithium manganese ferro phosphate. Its Battery Recycling segment offers research and development of processing technology for mixed-battery recycling, as well as the sale of recovered energy metals. The Company shreds and recycles all types of end-of-life batteries at its Melbourne facilities. Its process involves recovery of energy metals as a mixed metal dust, which is then exported for further refining.

Sector

Specialty Mining & Metals

Calendar

2024-09-17 - Q4 2024 Earnings Release (Projected)

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Other Specialty Mining & Metals

Lithium Australia Limited

Equities

LIT

AU000000LIT3

Specialty Mining & Metals

Lithium Australia recycling subsidiary Envirostream inks 3-year agreement with Hyundai Glovis

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Latest news about Lithium Australia Limited

Chart Lithium Australia Limited

Company Profile

Income Statement Evolution

Sector Other Specialty Mining & Metals