Lithium Universe

Lithium Universe Limited (ASX: LU7) – Trading Halt

Description

The securities of Lithium Universe Limited (‘LU7’) will be placed in trading halt at the request of LU7, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 29 April 2024 or when the announcement is released to the market.


Issued by

ASX Compliance


Click here for the full ASX Release

This article includes content from Lithium Universe Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer 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
Cleantech Lithium

PFS Plant Location Study Results in Decision to Locate Carbonation Plant in Mining Centre of Copiapó

CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company advancing sustainable lithium projects in Chile, announces the results of a plant location study completed as part of the ongoing pre-feasibility study (PFS) for the Laguna Verde Project, which is due to complete later this year. The PFS is being led by Worley, a global professional services company of energy, chemicals and resources experts, from its Santiago office which has high-level experience in the lithium sector. Xi´an Lanshen New Material Technology Company ("Lanshen") has been selected to provide the lithium processing plant design and equipment, and Worley to design the balance of plant and infrastructure.

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Galan Lithium

Galan Lithium


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Cleantech Lithium

New Bridging Loan and Termination of Convertible Loan Notes

CleanTech Lithium PLC (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company advancing lithium projects in Chile, is pleased to announce it has secured commitments from a number of investors (including existing shareholders) to raise gross proceeds of approximately A$4 million (approximately £2.1 million) through the issue of loan notes (the "Loan Notes"). In addition, the Company announces that on 28 June 2024 it has terminated the £1 million convertible loan notes (the "CLNs"), details of which were announced on 22 April 2024.

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Jindalee Lithium

Jindalee Lithium Limited (ASX: JLL) – Trading Halt

Description

The securities of Jindalee Lithium Limited (‘JLL’) will be placed in trading halt at the request of JLL, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 3 July 2024 or when the announcement is released to the market.

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Lithium-ion batteries.

SQM Pilot Testing DLE Technologies, Plans to Choose One or More by 2025

SQM (NYSE:SQM) plans to choose one or more direct lithium extraction (DLE) technologies by next year.

The decision, confirmed by Carlos Diaz, SQM's lithium division head, at Fastmarkets' Lithium Supply and Battery Raw Materials Conference, held in Las Vegas from June 24 to 27, comes as part of a broader effort to expand production of lithium, a crucial metal for electric vehicle batteries, in the Salar de Atacama region.

"We would like to have multiple (DLE) solutions," Reuters quotes Diaz as saying. "It's difficult to choose one that is going to fit and be suitable for all kinds of different chemicals that can be in different types of brine."

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Balkan Mining and Minerals

Successful Placement to Raise $750,000

Balkan Mining and Minerals Ltd (BMM or the Company) is pleased to announce that it has successfully received binding commitments for a private placement to raise $750,000 (before costs) (Placement). The Placement will comprise the issue of 15,000,000 new fully paid ordinary shares (Placement Shares) in the Company at an issue price of $0.05 per share.
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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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