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Lithium Australia (ASX:LIT) - Managing Director, Adrian Griffin - The Market Herald
Managing Director, Adrian Griffin
Source: ABC
  • Lithium Australia (LIT) has filed for two provisional Patent Cooperation Treaty (PCT) applications in Australia for its subsidiary, Envirostream Australia
  • The applications relate to the lithium-ion batteries (LIB) recycling processes
  • The first application includes the recovery of electrode materials and electrode materials and electrolyte from spent LIBs
  • While the second application is for the selective separation of mixed metal sulphates
  • These processes are ideal for the recycling of electric vehicle batteries, as they generate high-value chemicals for the return to the circular battery economy
  • Lithium Australia is down 1.85 per cent on the market today and is trading for 5.3 cents per share

Lithium Australia (LIT) has filed two provisional Patent Cooperation Treaty (PCT) applications relating to the lithium-ion batteries (LIB) recycling processes.

The applications are for its recycling subsidiary, Envirostream Australia.

The first application includes the recovery of electrode materials and electrode materials and electrolyte from spent LIBs. This relates to the processes for the recovery of electrode materials from LIBs, as well as the recovery of the electrolyte.

The second application is for the selective separation of mixed metal sulphates. This is the process for the selective recovery of mixed metal sulphates from a metal sulphate process liquor.

These processes are ideal for the recycling of electric vehicle batteries, as they generate high-value chemicals for the return to the circular battery economy.

Lithium Australia, through Envirostream Australia, is a leader in the field of battery recycling technologies.

Envirostream is a national leader in battery recycling as it operates the only commercial facility in Australia that is capable of shredding all types of spent batteries to recover a range of recyclable materials.

Managing Director, Adrian Griffin, is pleased on the progress Lithium Australia has made this year.

"With our recent successful capital raising, we’re in a strong position to accelerate commercialisation of the technologies discussed here. Indeed, the first of those has already been implemented on a commercial scale at our Melbourne processing plant," he said.

"These technical advances are timely, in that they coincide with the introduction of a national battery stewardship scheme designed to divert batteries from landfill, thereby increasing the quantities of spent batteries available for recycling," he added.

Earlier this week, the company raised $4.5 million in its share purchase plan - which is more than double the original $2 million target.

Lithium Australia is down 1.85 per cent on the market today and is trading for 5.3 cents per share at 12:27 pm AEST.


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