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LIT - Livium Ltd

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Lithium Australia outlines option agreement with Charger Metals

Lithium Australia NL's (ASX:LIT) (OTCMKTS:LMMFF) (FRA:3MW) Adrian Griffin caught up with Proactive's Andrew Scott following the news they've granted an...
www.proactiveinvestors.com.au

and I wonder when this will happen (soon? backing into a moribund entity?): Charger Metals Initial Public Offering.
 
sell off the jewelry and get rewarded

• Galan to acquire 80% of the Greenbushes South Lithium Project from Lithium Australia NL (ASX: LIT)
• The Project is located 3 kms south of the world-class Greenbushes Lithium Mine which is owned and managed by Talison Lithium Pty Ltd

1610671330532.png
 
Lithium Australia granted US patent for lithium extraction technology

HIGHLIGHTS
SiLeach® patent application granted by US Patent and Trademark Office.
SiLeach® patent application accepted by IP Australia.
SiLeach® patent application claims considered allowable by European Patent Office.
SiLeach®, which provides for low-energy recovery of lithium from micas, is potentially a short-cut in the production of lithium-ion batteries.

The Company's lithium chemical division has partnered with the best technical expertise available, including ANSTO, to develop lithium extraction technologies, with a focus on low-grade and waste materials. Those materials can be classified as:
.. lithium micas;
.. fine spodumene, and
.. spent LIBs.


Lithium Australia has lodged patent applications for most of the technology emanating from its R&D programmes. Those technologies include the following:
... SiLeach® for the recovery of lithium and other valuable by-products from mica.
... LieNA® for the recovery of lithium from spodumene concentrates, with an emphasis on fine and/or low-grade spodumene.
... Recovery of lithium as a tri-lithium phosphate.
... Refining of tri-lithium phosphate to achieve an ultra-pure (>99.9%) chemical.

1612310962449.png
 
Good news. This is going on the watch list until a floor/settling point is found, then it's a buy. Looks like a long-termer.
 
samuilk said:
could you please summarize recent announcement
Click to expand...
LIT has been one of the few contenders on the ASX for developing Li battery recycling. It's the sort of technology that has an attractive future appeal if most of the future vehicles become electric (EV's) using Li-Ion batteries. So this announcement just takes the company further in the right direction in it's Li recycling journery.
 
I think LIT share price has some catching up to do. As one of the two stocks developing Li-Ion battery recycling technology, LIT is not rising as quickly as NMT. NMT is breaking out higher (see below), so I think LIT has a good chance of heading higher as it's share price has been stagnant for a while.

NMT vs LIT charts:
1619799041947.png


1619799151893.png


Disc: Held in speculative portfolio and just tipped for the May competition.
 
The kick early this year is probably associated with first-movers hoping for a cut of this corporate action, plus of course the news of GLN taking up 80% of Greenbushes South

Lithium Australia maintains battery minerals interests through investment in Charger Metals

Lithium Australia NL provides the following update (mid April) on its joint-venture agreement with Charger Metals NL (ACN 646 203 465)), originally announced on 9 December 2020.

HIGHLIGHTS
  • The Charger transaction has progressed, with Charger making significant progress towards its initial public offering on the ASX.
  • Lithium Australia retains a 30% interest in the exploration projects, free carried to the definitive feasibility study notice, and will be the major shareholder in Charger.
  • Charger has an option until 4 September 2021 to acquire Company exploration projects that include: (1) the Coates project in the highly prospective Western Yilgarn nickel/ copper/platinum group elements belt, close to Chalice Mining Ltd's Julimar discovery in Western Australia; (2) the Lake Johnston project, near Southern Cross in Western Australia, prospective for lithium, gold and nickel; and (3) the Bynoe project, near Darwin in the Northern Territory, prospective for lithium and gold.
  • Lithium Australia shareholders to be offered a priority allocation in the Charger IPO.
 
Dona Ferentes said:
  • Lithium Australia shareholders to be offered a priority allocation in the Charger IPO.
Click to expand...


Love it when we will be given some priority. I hold LIT shares in spec portfolio, so hope to not sell out in the short term.

LIT has been the laggard in terms of share price because lately the multi-billion dollar Li majors have been advancing such as GXY and ORE.
 
Hi all,
I own shares in LIT and didn't receive any correspondence regarding the Charger IPO.
Subsequently, I missed the closing date for the offer.
I'm experiencing a bit of FOMO, however, can anyone tell me if 20c per share is a good buy?
Any help would be most appreciated.
 
Mundo said:
Hi all,
I own shares in LIT and didn't receive any correspondence regarding the Charger IPO.
Subsequently, I missed the closing date for the offer.
I'm experiencing a bit of FOMO, however, can anyone tell me if 20c per share is a good buy?
Any help would be most appreciated.
Click to expand...
Hard to say. I am really bad at guessing the value of new IPO's, spin offs etc. I sold ASM that was spun out of ALK far too early, it would've been a 7-bagger if I held onto them till today.

If in doubt I think it doesn't hurt to wait for the IPO to list and check the price action afterwards.

Also if it list above offer price, that's usually a bullish sign and vice versa. Don't know when it'll list though, LIT says there is conditional approval from asx to list Charger Metals.
 
aus_trader said:
Hard to say. I am really bad at guessing the value of new IPO's, spin offs etc. I sold ASM that was spun out of ALK far too early, it would've been a 7-bagger if I held onto them till today.

If in doubt I think it doesn't hurt to wait for the IPO to list and check the price action afterwards.

Also if it list above offer price, that's usually a bullish sign and vice versa. Don't know when it'll list though, LIT says there is conditional approval from asx to list Charger Metals.
Click to expand...
Thanks aus_trader,
My FOMO has reduced somewhat!
I think I'll wait and see where the price moves.
Hopefully after a poor 6-12 months, we'll see some positive movement for LIT in the coming months. I'm hopeful.
Good luck with the trading!
 
Mundo said:
Thanks aus_trader,
My FOMO has reduced somewhat!
I think I'll wait and see where the price moves.
Hopefully after a poor 6-12 months, we'll see some positive movement for LIT in the coming months. I'm hopeful.
Good luck with the trading!
Click to expand...
Yeah, it's been a slow grind for LIT but there seems to be some advancers in the Li space such as GLN and
PLS and even the largest in the Li space GXY is advancing up.

So I think LIT will get going again, just don't know when but hopefully soon...
 
aus_trader said:
If in doubt I think it doesn't hurt to wait for the IPO to list and check the price action afterwards.

Also if it list above offer price, that's usually a bullish sign and vice versa. Don't know when it'll list though, LIT says there is conditional approval from asx to list Charger Metals.
Click to expand...
according to upcoming floats

Charger Metals NL - 8 July 2021 12:00PM AEST ##

Listing date8 July 2021 12:00PM AEST ##


&, I know two other LIT holders that didn't receive any priority offer.
 
For those who missed the important stuff amongst all the other boring asx announcements like director buy/sell, appendix A to Z, substantial and unsubstantial holdings and so on and so forth...

LIT has been making good progress with advancing it's battery recycling technologies and protecting them via filing patents...

Yesterday's announcement:
1628056568458.png


Today's:
1628056613941.png


Disclosure: I hold LIT and have disclosed my holding in Speculative Stock Portfolio, also aware of a few other ASF'ers holding LIT.
 
Good or bad news? The Company Secretary resigns with "immediate effect" and replaced by Ms Grant-Edwards and Ms Chapman.

Appointment of Joint Company Secretary and notice of resignation

Lithium Australia Limited (ASX: LIT) (the ‘Company’) advises the appointment of Ms Catherine Grant-Edwards and Ms Melissa Chapman as Joint Company Secretary effective from 24 June 2022.

Ms Grant-Edwards and Ms Chapman have been appointed to replace Mr Barry Woodhouse who resigns as Company Secretary to pursue other opportunities, with immediate effect.

The Board thanks Mr Woodhouse for his long service to the Company. Ms Grant-Edwards and Ms Chapman are Directors of Bellatrix Corporate Pty Ltd, a company that provides company secretarial services to several Australian Securities Exchange (ASX) listed companies.

For the purpose of ASX Listing Rule 12.6, the Company confirms that Ms Catherine Grant-Edwards and Ms Melissa Chapman will be the persons responsible for communications between the Company and the ASX from 24 June 2022.

Comment from Chairman George Bauk “The Board would like to thank Barry for the professionalism and commitment to Lithium Australia during the past seven years and we wish him every success with his future endeavours.

With the next phase of growth underway we welcome Catherine and Melissa to the team and look forward to them assisting us during this important stage of the Company’s journey.”

Click to expand...
 
Placement in excess of $12 million
HIGHLIGHTS
  • $12.1m raised (before costs) at $0.065 per share as part of a Placement to existing shareholders, new high net worth sophisticated and institutional investors, including Director participation
  • Placement managed by CPS Capital Group Pty Ltd
  • Funds raised will be used primarily towards commercialisation of Battery Recycling through Envirostream and Advanced Cathode Powders through VSPC
..... only dropped half the 22% gap. ; now $0.076
 

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