InvestSMART

Livium Ltd (ASX:LIT)

ALERT: Price-sensitive ASX Announcement for LIT
Current share price for LIT : $0.009 -0.006 (-40%)+
Announcement
Release
17 Oct 2025 9:53AM
Price at Release
$0.015
Full Release
download
Summary
Livium Ltd announced a successful capital raising of A$4.5 million through a placement to institutional and sophisticated investors. The placement aims to accelerate the company's strategy focused on recycling clean energy waste. The funds will be used to expand battery recycling, relocate and consolidate operations into a centralized processing hub, and advance recycling of rare earth elements, solar panels, and black mass processing. The placement was led by Peak Asset Management and included the issuance of 360 million new shares and options. Livium's CEO, Simon Linge, emphasized the company's focus on becoming a cash-generative, growth-focused entity within the clean energy waste supply chain.
Key Points
  • Livium Ltd raised A$4.5 million to accelerate growth in recycling.
  • The placement was oversubscribed with demand exceeding 200%.
  • Funds will be used for battery recycling expansion and new processing hub.
  • Livium plans to expand into rare earth elements and solar panel recycling.
  • Peak Asset Management led the placement with a 6% fee on funds raised.
  • 360 million new shares were issued at A$0.0125 per share.
  • Livium CEO highlighted a focus on sustainable growth and returns.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.