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Date : 19/10/2021

Lithium Australia Stocks Surge On New Production Capabilities

Lithium Australia aims to ensure an ethical supply of energy metals to the battery industry by creating a circular battery economy that enhances both sustainability and resource security. Reprocessing spent lithium-ion batteries to create new ones is intrinsic to this plan, with the Company operating Australia’s only fully integrated mixed-battery recycling business.

Having rationalised its portfolio of lithium projects/alliances, Lithium Australia continues its research into, and the development of, proprietary extraction processes for the conversion of all lithium silicates (including mine waste), and of fines generally discarded during conventional spodumene conversion, to lithium chemicals, from which it will produce advanced cathode materials for the battery industry globally.

The Australian federal government has recognised the Company’s progress through the awarding of substantial research grants designed to progress the nation’s advanced battery capabilities.

Why is the Lithium Australia Stocks trading high today on ASX ?

A 100% owned subsidiary of Lithium Australia, VSPC is a developer of advanced battery materials. Production includes lithium ferro phosphate (‘LFP’) and lithium manganese ferro phosphate (‘LMFP’) cathode powders. Its proprietary nanotechnology is the subject of international patents.

Lithium Australia says its subsidiary VSPC is now also producing commercial-quality lithium titanium oxide (LTO) anode powder. Using titanium dioxide and lithium carbonate as the raw materials, LTO is prepared via a solid state reaction. The materials are calcined at temperatures above 800° Celsius for a prolonged period. This ensures high-phase purity. Because VSPC’s patented, slurry-based process reduces calcination time. It also ensures consistent phase and end-product quality, it is ideal for producing LTO.

This has resulted in LIT shares surging by almost 9% on the day of the announcement. LIT shares ended the day at 12.5 cents a share.

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