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ASX:LITOTC:LMMFFFRA:3MW
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Lithium Australia’s 24% subsidiary Envirostream confirms offtake deal with Korean battery recycler

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.

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Price: 0.125 AUD

Market Cap: $123.49 m

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Lithium Australia talks cobalt-free batteries as market hits new highs

Lithium Australia NL (ASX:LIT, OTC:LMMFF, FRA:3MW)'s Adrian Griffin discusses the popularity of cobalt-free batteries as the lithium market hits new highs. He says Lithium Australia's subsidiary VSPC is progressing its plans to establish a strategic position in the market for cobalt- and...

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