Lithium Australia: Increases stake in Envirostream to 90pc

Lithium Australia: Increases stake in Envirostream to 90pc

• Lithium Australia (LIT) will increase its stake in Envirostream Australia to a 90 per cent interest for $1.3M
• This aligned with its strategy to recycle old batteries to create a circular battery economy
• Envirostream is the only company in Australia that can collect, sort, shred and separate all the components of used lithium-ion batteries
• This facility also can recycle up to 3000 tonnes of spent batteries per annum
• Then the Lithium Australia remains flat today and shares are trading for 3.5 cents each
• SungEel will then refine the dust into chemicals for incorporation in new lithium-ion batteries