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Lithium Australia Ltd LMMFF

Industrials
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.


OTCPK:LMMFF - Post by User

Lithium Australia Ltd
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Post by Cadilacon Oct 20, 2016 10:26am
134 Views
Post# 25365435

New partnership

New partnership



LITHIUM AUSTRALIA PARTNERS WITH LITHIUM EXPLORER METALSTECH AHEAD OF IPO


HIGHLIGHTS

  • Partnership with MetalsTech provides LIT with significant equity and technology leverage across six highly prospective hard rock lithium projects in Quebec
  • LIT shareholders rewarded with a $1 million priority offer in MetalsTech IPO
  • Lucrative licencing structure for LIT’s disruptive lithium processing technologies

Australia lithium technologist, Lithium Australia NL (ASX: LIT) has signed a Strategic Partnership Agreement with dedicated lithium explorer MetalsTech Limited (MetalsTech or MTC) which is developing a number of lithium projects in Quebec, Canada.

MetalsTech recently acquired LiGeneration Limited (LiGen), in which LIT was an early seed shareholder (refer to LIT announcement dated 19 August 2016) and the Strategic Partnership Agreement supersedes the previously announced LiGen transaction.

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Dealroom for high-potential pre-IPO opportunities