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Livium Ltd (ASX:LIT)

ALERT: Price-sensitive ASX Announcement for LIT
Current share price for LIT : $0.009 -0.003 (-22.73%)+
Announcement
Release
17 Nov 2025 9:54AM
Price at Release
$0.011
Full Release
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Summary
Livium Ltd has secured exclusive global rights to utilize the University of Melbourne's microwave technology for extracting rare earth elements (REEs), marking a strategic expansion into the clean energy recycling market. The agreement includes an option to extend rights to platinum group metals (PGMs). This innovative technology promises high recovery rates with significant energy reductions compared to traditional methods. Livium's move aligns with its adjacency strategy, leveraging its existing capabilities in battery recycling to enhance sustainable resource recovery in response to global demand and strategic supply chain shifts.
Key Points
  • Livium secures exclusive global rights to University of Melbourne's microwave technology for REE extraction.
  • Technology demonstrates over 95% recovery for Neodymium and over 80% for Praseodymium.
  • Option to extend technology rights to platinum group metals.
  • Microwave technology reduces energy consumption by 85% compared to traditional methods.
  • Livium's strategy focuses on expanding recycling capabilities for clean energy waste.
  • Agreement positions Livium at the forefront of sustainable resource recovery.
  • Stage 1 and 2 funding for technology capped at A$200k, with potential increase to A$250k.
  • Pilot plant for REE recovery to be developed within 24 months post-Stage 2.
  • Growing global market opportunities for REE and PGM recycling.
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.