Lithium Australia NL (ASX:LIT) recently got featured in finfeed for receiving acceptances of 99.7% from Very Small Particle Company’s (VSPC’s) issued capital.
The announcement came 48 hours after LIT lodged formal documents for its takeover of the Brisbane based cathode powder producer.
“The technology allows VSPC to dictate the particle size and chemistry of cathode powders, using patented technology to generate initial particles directly from solution. The particle genesis is directly compatible with energy-metal technologies under development by LIT and will improve the production process and cost.”, the article analyses the benefits of the technology.
“VSPC provides us with the opportunity to manufacture the most advanced cathode materials in the world, at the high-margin end of the battery metals market.”, the company’s Managing Director Adrian Griffin commented on the acquisition.
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