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Highlights
- LU7 held a meeting with the Québec government and Investment Québec to share its approach to the Canadian lithium downstream challenge.
- As per the company, the discussions held were ‘highly productive’.
- The company presented its team, expertise, and the Québec Lithium Processing Hub (QLPH) strategy.
Lithium Universe Limited (ASX: LU7) held a meeting with the Québec government and Investment Québec to present its strategy that would contribute towards curbing the lithium downstream challenge of Canada.
The meeting was held at the COP 28 Climate Conference in Dubai, the UAE, in the presence of Minister Pierre Fitzgibbon, Québec Minister of Economics, Innovation and Energy, and Mr Hubert Bolduc, President, Investissement Québec International. The Board members of the company, including Chairman Iggy Tan, CEO Alex Hanly, and Directors Dr Jingyuan Liu, Patrick Scallan and Fadi Diab represented Lithium Universe in the meeting.
LU7 strategy to become key in Québec
At the meeting, Lithium Universe shared its vision for building Canada’s lithium future. The company demonstrated its expertise in developing lithium projects successfully worldwide, thanks to its Lithium Dream Team. It aims to work against key challenges of the Canadian lithium industry through building downstream-focused refineries. LU7 plans to start with establishing refining operations and moving upstream to benefit from the highly prospective James Bay region.
As per the company, the discussions held at the meeting with the Québec government were very productive.
The government representatives got a clear picture of the prime goals of the company and praised LU7’s exceptional strategic purpose. The meeting emphasised upon the significance of integrating the company’s critical minerals supply chain in Québec.
Shares trade higher
LU7 shares traded 3.5% higher at AU$0.029 at the time of writing on 13 December 2023.