Lithium Universe

Analyst Firm Targets Share Price Upside for Lithium Universe as Refinery Plans Ramp Up

Description:

Australian investment research firm East Coast Research is estimating a more than 150 percent upside in the share price of Lithium Universe (ASX:LU7) over 12 months, from its current price of $0.21 per share to about $0.53 per share.


“Drawing on its expertise, LU7’s Dream Team is working on closing the massive gap in downstream lithium processing in North America by building a 16,000 tpa lithium carbonate refinery in Quebec, for which the company is rapidly completing a DFS (definitive feasibility study,” said East Coast Research analyst Behzad Golmohammadi in his report.

Led by lithium pioneer Iggy Tan, Lithium Universe has assembled a team of lithium industry experts that can deliver on the company’s goal to strengthen North America’s lithium supply chain. Through this expertise, Lithium Universe aims to close a widening lithium processing gap in North America, through a planned 16,000-tpa lithium carbonate refinery in Quebec, Canada, the analyst report cited. Lithium Universe is currently undertaking a definitive feasibility study for the processing plant.

China currently controls around 60 percent of the global lithium refining capacity for batteries, a huge driver for North American efforts to a lithium supply chain for the region.

LU7's lithium dream team


“Western governments have come up with policies and strategic plans to support the expansion of their lithium refining capacities. However, the biggest challenge here is a lack of expertise that has led to a series of recent failures and delayed startups in the sector. This is where LU7’s Dream Team shines with its proven track record of successfully constructing and commissioning such projects,” the analyst report said.

Report highlights:

  • Lithium Universe’s “dream team” of lithium industry experts led by Iggy Tan is working on closing the massive gap in downstream lithium processing in North America by building a 16,000 tpa lithium carbonate refinery in Quebec, Canada, for which the company is rapidly completing a definitive feasibility study.
  • Lithium Universe plans to replicate the Jiangsu Lithium Carbonate Refinery, using the same engineering manager (Hatch) and the key executives who built the world-class Jiangsu Refinery.
  • China’s dominance in the global lithium supply chain has pushed governments in North America to develop and strengthen a secure supply chain outside China, with strategic support for projects that expand North America’s lithium refining capacity.
  • East Coast Research has valued Lithium Univers at AU$0.047 per share in a base-case scenario and AU$0.058 per share in a bull-case scenario, solely based on the Quebec lithium carbonate refinery project, and excluding the company’s prospective exploration assets or its spodumene concentrator project in Quebec.

For the full analyst report, click here.

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Lithium Universe (ASX:LU7)

Lithium Universe


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Lithium Universe Ltd  CEO to Participate in Online Webinar

Lithium Universe Ltd CEO to Participate in Online Webinar

Melbourne, Australia (ABN Newswire) - Lithium Universe Ltd (ASX:LU7) (OTCMKTS:ESMAF) is pleased to invite shareholders and investors to attend a webinar on MarketOpen Direct Connect, to be held on Friday 28th June 2024, 11:00am AEST/ 9:00am AWST.

CEO Alex Hanly will present the Company's strategy to close the lithium conversion gap within North America through development of the proposed 16,000 tpa lithium carbonate refinery at Becancour, Quebec.

Following the presentation, attendees will have the opportunity to ask questions directly to Mr Hanly during a moderated Q&A session.

This webinar can be viewed live via Zoom and to register please use the link below:
https://www.abnnewswire.net/lnk/91RASS1P

A recorded copy of the webinar will be made available following the event.



About Lithium Universe Ltd:

Lithium Universe Ltd (ASX:LU7) (OTCMKTS:ESMAF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.



Source:
Lithium Universe Ltd

News Provided by ABN Newswire via QuoteMedia

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Lithium Universe Ltd  Completion of Environmental and Field Studies at Becancour

Lithium Universe Ltd Completion of Environmental and Field Studies at Becancour

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (OTCMKTS:ESMAF) is pleased to announce that two environmental field studies have been completed at the Company's proposed refinery site located at the Becancour Waterfront Industrial Park (BWIP), Quebec.

We are pleased to announce the completion of a survey, adhering to provincial protocols, which found no presence of the short-eared owl, a species of concern, in the Lot 22 area. The site's proximity to the CEPSA chemical plant, railway, and highway likely makes it less attractive for this species. This information is vital for our ongoing environmental assessments and planning.

A recent breeding bird survey revealed the presence of Chimney Swifts, a species at risk known to nest in human structures, likely to inhabit structures away from Lot 22. No habitat was observed for salamanders or the least bittern bird, indicating no further surveys are necessary for these species.

Wetland delineation, conducted according to provincial guidelines, aligns with desktop review information, with no unexpected findings. Wetlands are primarily located in the northern and eastern portions of the site, with smaller patches in the southwestern sector. These wetlands are likely of low ecological value, characterized by agricultural ditches and the presence of the invasive species Phragmites australis. Wetland surveys will continue through June and July.

Lithium Universe Chairman, Iggy Tan said, "There was nothing unexpected from our recent environmental surveys. The Becancour Industrial Park is an existing industrial complex designed to host operations like the Company's 16,000 tpa lithium carbonate refinery. Wetland surveys will continue through June and July. This is an important step forward as we progress our plans at the Becancour property."

*To view pictures, please visit:
https://abnnewswire.net/lnk/7HLG7JJ9



About Lithium Universe Ltd:

Lithium Universe Ltd (ASX:LU7) (OTCMKTS:ESMAF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.



Source:
Lithium Universe Ltd

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Lithium Universe Ltd  Becancour Lithium Refinery 3D Layout Completed

Lithium Universe Ltd Becancour Lithium Refinery 3D Layout Completed

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (OTCMKTS:ESMAF) is pleased to provide an update on the Definitive Feasibility Study (DFS) engineering work associated with the Company's Becancour Lithium Refinery project.

The Becancour Lithium Refinery project is progressing extremely well, marked by significant milestones. The engineering study, managed by Hatch Ltd, is advancing well, with critical elements already completed. Essential documents, including the process flow sheets and stream tables, have been finalized. These documents are crucial for managing material and energy flow through the refinery, detailing the processing steps and the interconnections between various units within the plant.

Highlights

- DFS Engineering work producing significant progress

- 3D model and plot plan layout completed

- Plant layout strategy for efficient space utilization

- Significant milestones including flow sheets and stream tables

- Procurement strategy using "same equipment, same suppliers"

- Infrastructure development and utility connections at the site are underway

Furthermore, a preliminary 3D model and plot plan layout have been developed, providing a comprehensive visual and spatial understanding of the refinery's design. This model helps visualize the placement of equipment and infrastructure, ensuring efficient space utilization and facilitating future modifications if necessary. The design of the refinery layout has considered safety standards and best practices, effective process flow, material compatibility and adequate spacing required for plant operation.

Procurement efforts are advancing strategically, with a focus on sourcing major equipment from the same suppliers used for the Jiangsu reference plant. This approach leverages existing relationships to ensure consistency in quality and performance. Another advantage of utilizing established offshore suppliers is the mitigation of potential scheduling disruptions caused by the increased demand for construction materials and highly skilled tradespeople in North America driven by the surge in supply chain related projects. Active negotiations with selected suppliers aim to secure firm pricing, helping to control costs and mitigate financial risks.

Infrastructure development and utility connections at the site are underway, addressing essential elements such as water supply, power, and transportation links needed for the refinery's operations. Material take-offs (MTOs) are being performed to prepare a detailed Capex estimate, ensuring a comprehensive financial plan for the project's construction and operational phases.

Chairman Iggy Tan said "The Hatch team engaged for this project is dynamic, practical and experienced, fully understanding our strategy to fast-track the DFS process by leveraging the insights and proven technology from the Jiangsu Lithium Carbonate reference plant. Hatch can easily apply their knowledge on this project as the original designer and builder of the reference project as well as any other lithium plants in their impressive portfolio of projects. We are delighted with the progress of the engineering work".

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/WKGJX81L



About Lithium Universe Ltd:

Lithium Universe Ltd (ASX:LU7) (OTCMKTS:ESMAF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.



Source:
Lithium Universe Ltd

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Lithium Universe Ltd  Procurement Strategy for Becancour Lithium Project

Lithium Universe Ltd Procurement Strategy for Becancour Lithium Project

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (OTCMKTS:ESMAF) is pleased to announce that the Company's key lithium Board members and CEO visited Hatch Ltd's (Hatch) Shanghai procurement office to establish the procurement strategy for the Becancour Lithium Project.

Lithium Universe aims to replicate the procurement success in Jiangsu at the Becancour Lithium Refinery in Quebec. Jiangsu had 60-70% of its plant supplied by top-quality Chinese suppliers, with the remainder coming from worldwide suppliers. By implementing rigorous quality control measures at the supplier's manufacturing site, Galaxy was able to achieve top-quality equipment that aligned with international engineering standards.

Local fabricators have been servicing the Chinese lithium refinery industry for the last 15 years and key suppliers utilised for the Jiangsu project have become the backbone of the rapid expansion across the country. These same key suppliers utilised by the Galaxy team are well-known, reliable, and provide a known quality product. It is critical for Lithium Universe to reduce the number of unknowns when planning the construction of the Becancour Refinery and partner with vendors who have a proven track record of delivery of specific plant and equipment.

For Lithium Universe to be competitive and to build cost-effective lithium refineries, LU7 will be using the "same equipment, same supplier" procurement strategy. Firstly, utilising proven equipment designs, there will be reduced engineering work required for the Definitive Feasibility Study (DFS). Secondly, with the "same supplier" strategy, LU7 can tap into the original supplier's design and construction experience, minimising the cost and time associated with repeated detailed engineering.

Another key advantage is that the preferred suppliers will be able to provide LU7 with accurate quotations, as opposed to budget numbers. Alternative suppliers closer to Canada will be used if the original suppliers are no longer in business. Key Board members and the CEO reinforced this procurement strategy, design, and logistics with the Hatch procurement office in Shanghai last month. In addition, LU7 met with the key equipment providers in Shanghai to finalise the design for Becancour. In this instance, the kiln will be fabricated in China and shipped to Canada for installation. Using proven equipment from proven suppliers, this process aims to fast-track the DFS process.

Another advantage of utilizing established offshore suppliers is the mitigation of potential scheduling disruptions caused by the increased demand for construction materials and highly skilled tradespeople. This surge in demand is anticipated due to the numerous battery supply chain projects scheduled for construction over the next four years in Canada.

Lithium Universe is dedicated to bridging the lithium conversion gap in North America while supporting both provincial and federal governments in restoring the battery supply chain in Canada. The company's objective is to collaborate with local Canadian suppliers, providing training and facilitating knowledge transfer while utilising the Becancour Refinery as a blueprint for replication elsewhere in North America.

Chairman Iggy Tan said "A key aspect of our approach is to utilize equipment and top quality suppliers that we have used before. By sticking with what works, we aim to expedite the engineering process and ensure seamless coordination among all parties involved.

Building on the successes of past projects, such as Jiangsu where 60-70% of our suppliers were Chinese, we are confident in our ability to manage quality while optimizing efficiency. By fostering strong partnerships and implementing rigorous quality control measures, we are well-equipped to deliver a quicker, cheaper, and more reliable project. One of the most significant advantages of our approach is the reduction in lead times, allowing us to execute tasks with greater speed and precision".



About Lithium Universe Ltd:

Lithium Universe Ltd (ASX:LU7) (OTCMKTS:ESMAF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.



Source:
Lithium Universe Ltd

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Lithium Universe Ltd  CEO Alex Hanly to Present in Investor Webinar

Lithium Universe Ltd CEO Alex Hanly to Present in Investor Webinar

Melbourne, Australia (ABN Newswire) - Lithium Universe Ltd (ASX:LU7) is pleased to invite shareholders and potential investors to attend an investor webinar on MarketOpen Direct Connect to be held on Wednesday 15th May 2024, 5:00pm AEST/ 3:00pm AWST.

Chief Executive Officer Alex Hanly will participate in a moderated Q&A of which questions can be submitted through the company's InvestorHub.

Please register for free via the link below and view live via zoom:
https://www.abnnewswire.net/lnk/5KJEEX8Q

A recorded copy of the webinar will be made available following the event.



About Lithium Universe Ltd:

Lithium Universe Ltd (ASX:LU7) (OTCMKTS:ESMAF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.



Source:
Lithium Universe Ltd

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
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Lithium Universe

Lithium Universe Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

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