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Livium Ltd., encompassing its various subsidiaries, primarily focuses on mineral exploration and technological innovation. The company operates across four distinct business units: Battery Recycling, Battery Materials, Chemicals, and Raw Materials. It develops advanced processing methods for recycling diverse battery types and markets the critical metals recovered from them. Additionally, Livium Ltd. researches, engineers, and manufactures battery components, such as lithium iron phosphate (LFP), and distributes battery energy storage systems. The company also pioneers a range of extraction…
Livium Ltd (ASX:LIT, OTC:LMMFF) has teamed up with artificial intelligence and ledger technology firm NoviqTech Ltd to bring a digital edge to its advanced battery recycling operations, announcing a project partnership to tokenise the environmental benefits of its work. The initiative, powered by NoviqTech's Carbon Central platform and Hedera's distributed ledger, will create tokenised digital certificates that represent verified carbon reductions and critical mineral recovery from Livium's facilities.
Livium Ltd is increasing its strategic focus on scaling its battery recycling division, Envirostream, due to the potential of increased recycling volumes and cashflows over the years ahead. Livium, previously Lithium Australia, has undertaken a review of the business to explore options to reduce costs — it expects the restructure and cost reductions to save an estimated A$1.5 million annually. The revised strategy has an enhanced focus on strategic partnering initiatives to support ongoing growth and development of its technologies. "We have advanced our strategy to inflection points, with the next phases of growth for each division requiring strategic partners to underpin their growth and development,” Livium CEO and managing director Simon Linge said. “With a focus on strategic growth partners, we have reviewed our resourcing and made the decision to restructure our organisation and reduce costs. “Livium remains committed to delivering returns for shareholders. Whilst organisational changes may impact our ability to react to opportunities, right-sizing the organisation assists in resetting the company's cost base to become sustainable over this critical period." Livium’s revenue-generating battery recycling division is Australia’s largest recycler of lithium-ion batteries, drawing on its technical expertise to provide value-added services and has strong commercial relationships. The company has placed strategic focus on battery recycling, through Envirostream, due to the potential of increased recycling volumes over the coming years. Envirostream made significant strides over the past year. It not only increased its volumes of electric vehicle (EV) and energy storage system (ESS) batteries but also secured exclusive customer arrangements, positioning the company as a key player in lithium-ion battery recycling nationally. With consumer demand and regulatory pressures driving growth, LIT anticipates even greater volumes in the future. Envirostream is focusing strategically on expanding its operations to meet growing demand. This includes potential investments in operational efficiency and capacity expansion, supported by discussions with advisors to explore various partnership and funding opportunities. Envirostream successfully increased volumes of EV and ESS in 2024, with most of the volume being received under exclusive customer arrangements. Over the year, Envirostream collected 736,000 tonnes of large format batteries and it is estimated that there are five times these volumes available today, which are increasingly expected to be recycled due to consumer demand and government regulation. In its Battery Market Analysis, B-cycle shows how EV and ESS batteries are expected to dominate. Focusing only on EV/ESS for the balance of the decade demonstrates the near-term opportunity for Envirostream collections growth relative to current performance. Livium is also “well advanced” on the near-term commercialisation pathways of its other technologies — battery materials and lithium chemicals: Battery materials - Defined pathway for development of an Australian lithium ferro phosphate (LFP) demonstration plant with funding to be secured directly into VSPC from strategic partners. Lithium chemicals - Complete joint development agreement (JDA) activities with MinRes, including assessment of alternate commercialisation pathways and selection of the preferred lithium product. The company says that its focus on strategic partnering requires a different resourcing structure. Consequently, LIvium decided to restructure, resulting in the targeted reduction of 25% of roles across the organisation. Livium estimates that severance payments and other associated costs of this organisational review will be absorbed, and the benefit of reduced personnel costs seen by the end of the 2025 financial year. Other cost-reduction activities are also being implemented, including the use of third-party support. Total estimated annual cost savings from the restructure are expected to be at least A$1.5 million. Livium outlined the following activities as key to delivering value in the near term: Battery recycling - Continued safe operations, growing end-of-life volumes and seeking partners to scale operations in line with the expected waste outlook and to expand into related services. For Envirostream, the near-term outlook is positive, enabling increases of volumes collected and processed and providing an opportunity to expand service offerings in line with market requirements. Battery materials - Secure funding for an Australian LFP demonstration plant from government and private strategic partners, who will invest directly into Very Small Particle Company (VSPC). Lithium chemicals - Complete JDA activities with MinRes, including assessment of alternate commercialisation pathways and selection of the preferred lithium product Corporate - Complete implementation of organisation restructure and other cost-saving initiatives. To accommodate expectations of market growth, Livium intends to explore deploying growth capital to improve operating efficiencies and expand capacity. The company has appointed advisors to coordinate discussions around partnership and growth funding options, which includes strategic partners and other financiers. Nvidia Corp (NASDAQ:NVDA, ETR:NVD) said on Monday that the success of Chinese AI firm DeepSeek is evidence of its chips' utility in the Chinese market. The company was forced to address investor concerns over reports that DeepSeek had achieved major advancements with minimal Nvidia hardware. The announcement follows a 17% drop in Nvidia's shares, spurred by fears that the company’s dominance in AI hardware could be challenged by more efficient alternatives. "DeepSeek is an excellent AI advancement and a perfect example of Test Time Scaling," Nvidia stated. "DeepSeek’s work illustrates how new models can be created using that technique, leveraging widely-available models and compute that is fully export control compliant.” DeepSeek's progress has been met with both admiration and apprehension. Its V3 model reportedly achieves performance comparable to OpenAI’s GPT-4 while using just 5% of the GPU compute, and its R-1 model operates at 1/13th of the cost of GPT-4. These milestones, Nvidia noted, underscore the ingenuity spurred by resource constraints. Nvidia stressed that the firm's breakthroughs still rely on its hardware. “Inference requires significant numbers of Nvidia GPUs and high-performance networking,” the company said. “We now have three scaling laws: pre-training and post-training, which continue, and new test-time scaling.” DeepSeek’s advancements demonstrate how necessity is driving invention, according to Rahul Bhushan, Managing Director of ARK Invest Europe. "DeepSeek’s V3 model…underscore an important truth: AI’s future is not just about throwing more GPUs at the problem,” Bhushan said. “(T)he fact that DeepSeek’s innovations are open source cannot be overstated. This move opens the door to widespread adoption and decentralization, a trend that could democratize AI access and accelerate progress far beyond traditional players in the West. “It also hints at China’s growing strategic ingenuity in shaping the AI landscape under constrained circumstances,” Bhushan added. “We strongly urge investors to re-evaluate their AI funds and positions.”
Livium Ltd (ASX:LIT, OTC:LMMFF) has strengthened its leadership position in Australia’s recycling industry after wholly-owned subsidiary Envirostream Australia Pty Ltd signed an exclusive recycling agreement with Wabtec Corporation to recycle lithium-based and nickel-based batteries. This agreement with Industrea Mining Equipment Pty Ltd, a wholly-owned subsidiary of Wabtec, will see Envirostream exclusively recycle lithium-based and nickel-based batteries used in Wabtec’s FLXdrive Battery Locomotives that will operate in the Pilbara, Western Australia. The agreement, which begins on January 1, 2025, for an initial term of three years and an optional term of one year, diversifies Livium’s end-of-life battery sources, complementing other recently executed battery recycling agreements. "We are excited to announce this agreement with Wabtec Corporation, a market leader in the rail and mining sectors globally," Livium CEO and managing director Simon Linge said. "This represents a significant milestone for Livium as it secures exclusive access to batteries from the locomotive industry, which diversifies our battery supply. "We look forward to delivering value for our stakeholders and building on this momentum to win additional recycling contracts in the near to medium term." Livium shares are 12.5% higher on the ASX at $0.018. The agreement aligns with Livium’s focus to secure exclusive battery recycling contracts and diversify its end-of-life battery sources. It also ensures a stable and scalable source of batteries from the locomotive sector. Livium is focused on leveraging this agreement to drive further growth and win additional contracts, reinforcing its leadership position in Australia’s recycling industry. Wabtec regional senior vice president, ANZ & SEA, Peter Thomas said: "As Wabtec introduces new products, such as the FLXdrive™ battery locomotive, we continually evaluate our component life cycles and leverage additional recycling opportunities to reduce landfill use and conserve natural resources globally. “Livium’s expertise and track record supports Wabtec’s effort to drive responsible operations of our products and enables us to properly handle the afterlife batteries.” The agreement, whilst exclusive, has no minimum volumes and, as a result, Livium is not in a position to quantify the economic impact of the agreement at this stage. Volumes are predicted to increase over the term of the agreement as more FLXdrive Battery Locomotives are introduced into the fleet. Following extensive in-country consultation with community and Mines Ministry representatives, Evion Group NL (ASX:EVG, OTC:EVIGF) has received support for and a formal endorsement of its Maniry Graphite Project in Madagascar, clearing the path to formal permitting. Meetings included local landholders as well as government officials responsible for development in the Maniry region, culminating in a signed agreement from the local community outlining their strong support, with a further meeting scheduled to conclude formal agreements. Madagascar's Mines Minister has formally endorsed the conversion of EVG’s exploration licences to exploitation licences that will permit the development of the Maniry Project and mining of graphite. The local government has advised Evion that the formal conversion of these licences is a short-term priority – once the conversion is complete, all project tenements will have been approved for mine development. "Confirming community support for the development of our Maniry Project and the conversion of our remaining exploration licenses to mine licences are two of the most significant achievements for Evion and its team in Madagascar to date,” Evion Group managing director David Round said. “We have had extensive and very positive support from the Mines Minister over the last few months, and his authorisation of our applications for mine development licences paves the way for development work on the ground to start. “Additionally, our in-country team has worked tirelessly with the local community in planning a mutually beneficial pathway for the development of Maniry. “Having now reached agreement on this we can look forward to formalise this agreement with the endorsement of government officials at scheduled meetings over the next month.” Round has been invited to meet with the Madagascan Mines Minister alongside the President and a special advisory team from France on January 17, 2025. EVG says its Maniry Graphite Project has been identified as a critically important project in Madagascar, and the company welcomes the opportunity to attend stakeholder meetings to formalise an agreement to fast-track development The company is optimistic its development pathway will include funding from the European Union, as initial feedback for an application made in September indicated Evion meets requirements with further feedback to be provided within the next few months.
First Phosphate Corp. (CSE:PHOS) on Wednesday announced that it has signed a memorandum of understanding (MOU) with Lithium Australia Ltd (ASX:LIT, OTC:LMMFF) for the development of a lithium iron phosphate (LFP) and lithium manganese iron phosphate (LMFP) cathode active material manufacturing plant which will potentially be located in North America. The company highlighted that Lithium Australia through its wholly owned subsidiary VSPC has developed proprietary technology to produce LFP and LMFP cathode active material.
Saguenay, Quebec--(Newsfile Corp. - December 6, 2023) - First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce that it has signed a memorandum of understanding ("MOU") with Lithium Australia Limited (ASX: LIT) ("LIT") for the potential development of a lithium iron phosphate ("LFP") and lithium manganese iron phosphate ("LMFP") cathode active material ("CAM") manufacturing plant in North America. LIT has developed proprietary technology to produce LFP / LMFP CAM through its wholly owned subsidiary VSPC Pty Ltd ("VSPC").