Lithium Australia NL (ASX: LIT) is a Perth-based company committed to furnishing ethically and sustainably sourced materials to the global battery industry. The ASX-listed company aspires to ‘close the loop’ on the energy-metal cycle through its disruptive technologies.
Its technology includes the SiLeach® and LieNA® lithium extraction processes, high-spec cathode material production process of VSPC Ltd (100% LIT owned) and enhanced recycling techniques for battery materials. The Company has also secured positions in lithium provinces in different parts of the world, including Australia, North America, and Europe.
The various business units, including recycling, batteries, lithium chemicals, and raw materials, provide Lithium Australia with diversified exposure to the booming battery industry. Significantly, the world is expected to see increased demand for batteries and associated commodities amidst the global shift towards green energy and skyrocketing popularity of electric vehicles (EVs).
Lithium Australia is advancing its business units, including Soluna Australia Pty Ltd and Envirostream, with the current focus on generating near-term revenue.
Lithium Australia belongs to a unique niche as a diversified and vertically integrated lithium mining and battery technology company. Its broad range of solutions are designed for a seamless transition from extracting primary lithium raw materials to producing components for lithium-ion batteries, selling lithium-ion batteries (LIBs) by way of battery energy-storage systems, and recycling all battery types and e-waste. The Company’s ultimate recycling solutions deliver a safe and efficient approach to renewable energy storage.
The Company considers that sustainability corresponds to viability, regarding both the manufacturing as well as disposal of LIBs. The discarded electronic/battery waste is expected to provide the most economically viable and eco-friendly source of energy metals such as lithium and cobalt.
Lithium Australia seeks to establish itself as a vertically integrated lithium processing business by unifying resources and the best available technology.