Lithium Universe Ltd  Quebec Carbonate Interview

Lithium Universe Ltd Quebec Carbonate Interview

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce that its Chairman, Iggy Tan, recently participated in an interview titled "Quebec Carbonate" on the Rock Stock Channel Podcast.

The interview emphasises the Company's strategic choice to focus on lithium carbonate over hydroxide, reflecting shifting market demand towards safer and cheaper lithium iron phosphate (LFP) batteries. Mr Tan outlines the competitive advantages of Quebec for lithium processing, including access to inexpensive hydro power, lower labor costs (vs Australia), proximity to mines, and favourable tariff conditions. He reports strong financial projections of the Company's PFS based on conservative pricing assumptions, indicating a robust internal rate of return and payback period for their operations.

The interview underscores the urgency and growth potential for lithium supply chains outside of China, positioning Lithium Universe as a key player in this sector.

To view the Interview, please visit:
https://www.abnnewswire.net/lnk/15Y6K65C



About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), 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



Contact:
Alex Hanly
Chief Executive Officer
Lithium Universe Limited
Tel: +61 448 418 725
Email: info@lithiumuniverse.com

Iggy Tan
Chairman
Lithium Universe Limited
Email: info@lithiumuniverse.com

News Provided by ABN Newswire via QuoteMedia

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LU7 Partners with Quebec Chemical Logistics Supply Company

Lithium Universe (LU7:AU) has announced LU7 Partners with Quebec Chemical Logistics Supply Company

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Lithium Universe Ltd  Settlement of Tranche 1 Share Placement

Lithium Universe Ltd Settlement of Tranche 1 Share Placement

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce that further to its announcement dated 31 October 2024 (LU7 Completes Share Placement and Launches Entitlement Offer) (Announcement), it has now settled the first tranche of its share placement to sophisticated and professional investors (Tranche 1).

Highlights

- Successful settlement of Tranche 1 of the share placement to sophisticated and professional investors, raising $1.94 million

- Entitlement Offer to open to shareholders on 11 November 2024

- Tranche 2 of the Placement (subject to shareholder approval) is anticipated to be completed on or around 9 December 2024, raising $0.20 million

- Funds will be predominately used to further progress the Definitive Feasibility Study and the payment of the Becancour land option costs

Tranche 1 under the Company's Placement comprised of 161,791,667 fully paid ordinary shares (Shares), which have been issued today under the Company's existing capacities under Listing Rules 7.1 (15% capacity) and 7.1A (10% capacity). The Shares were issued at a price of A$0.012 per share, raising A$1,941,500. In addition, subject to shareholder approval, the Tranche 1 investors will be entitled to one new option for every share subscribed to, with an expiry date of 12 January 2026 and an exercise price of $0.03 (Options).

As detailed within the Announcement, the Company advised that it would be conducting an additional placement to sophisticated and professional investors, which will be subject to shareholder approval (Tranche 2), as well as a pro-rata 1 for 10 non-renounceable entitlement offer (Entitlement Offer). Investors under the Tranche 2 placement and Entitlement Offer will also receive options on the same term as the Tranche 1 investors.

Tranche 2 Placement

The Tranche 2 placement comprises of 16,666,667 shares, with the issue of such shares being subject to shareholder approval. The Company will seek shareholder approval at an upcoming general meeting, which is scheduled to be held on or around Monday, 9 December 2024.

Entitlement Offer

The Entitlement Offer will open on Monday, 11 November 2024 and has been made under a transaction-specific prospectus that was lodged with ASIC and ASX on 1 November 2024.



About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), 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

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Lithium Universe Ltd  Quarterly Activities Report

Lithium Universe Ltd Quarterly Activities Report

Melbourne, Australia (ABN Newswire) - Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) recently announced the results of its Preliminary Feasibility Study( PFS) for the Becancour Lithium Carbonate Refinery in Quebec, Canada. The PFS confirms the viability of a strong lithium conversion project, even within a below-average pricing environment.

The Company plans to build a reliable, low-risk lithium conversion refinery with an annual capacity of up to 18,270 tonnes, utilizing proven expertise from the Jiangsu processing model.

The facility will produce environmentally friendly, battery-grade lithium carbonate. The Company aims to establish a Canadian-based lithium chemicals business, purchasing spodumene feedstock from both domestic suppliers and international markets, including Brazil and Africa and producing a battery grade lithium carbonate product.

This aligns with the Company's broader vision of contributing to the North Atlantic lithium supply chain and closing the Lithium Conversion Gap. The project's economics are highly favourable, even with conservative price assumptions. The refinery is economically viable with a pre-tax Net Present Value (NPV) of approximately US$779 million, using an 8% discount rate, and a pre-tax Internal Rate of Return (IRR) of around 23.5%.

The payback period is estimated at 3.5 years. The financial model is built on cautious price forecasts of US$1,170 per tonne for spodumene concentrate (SC6) and US$20,970 per tonne for battery-grade lithium carbonate equivalent (LCE).

LU7's directors believe they have a reasonable basis for using the assumed price in the study of US$20,970 per tonne for battery grade lithium carbonate. Key operational assumptions include 86% plant availability and 88% lithium recovery.

At full production capacity, the project is expected to generate approximately US$383 million in annual revenue, with costs totalling around US$236 million, leading to an annual EBITDAof approximately US$147 million and a gross margin of in the region of 38%. Post-tax, the NPV at an 8% discount rate is estimated at approximately US$501 million.

The capital cost for the project is estimated at US$494 million, which includes a contingency of US$68 million. The capital cost estimate is based on advanced design specifications from the Jiangsu Lithium Refinery model, ensuring robust financial planning and projection.

These factors highlight the project's strong financial viability, even under conservative pricing conditions.

*To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/CFSD11IG



About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), 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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SAGA Metals Completes OTCQB Listing and Receives DTC Eligibility

SAGA Metals Completes OTCQB Listing and Receives DTC Eligibility

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discovery in Canada, is pleased to announce that its common shares are now eligible to trade on the OTCQB under the symbol "SAGMF" and that it has received approval from the Depository Trust Company ("DTC") to make the shares eligible to be electronically cleared and settled ("DTC Eligibility").

The OTCQB is a leading market for early-stage and developing U.S. and international companies. Recognized as an established public market by the U.S. Securities and Exchange Commission and operated by OTC Markets Group, Inc., the OTCQB has helped companies build considerable shareholder value including enhanced liquidity and valuation. Investors may benefit from efficient trading through their preferred broker or financial advisor, transparent pricing with real-time quotes, and trusted disclosure that is made broadly available to broker-dealers and market data providers.

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NextSource Materials Announces Results of 2024 Annual Meeting of Shareholders

NextSource Materials Announces Results of 2024 Annual Meeting of Shareholders

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") is pleased to announce the results of the Annual Meeting of Shareholders of the Company (the "Meeting") held virtually at 9:00 AM (Toronto time) on December 5, 2024

AGM Results
The final voting results of the Meeting are set out below:

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Albemarle Corporation to Participate in Virtual Fireside Chat at the Deutsche Bank 9th Annual Lithium & Battery Supply Chain Conference

Albemarle Corporation to Participate in Virtual Fireside Chat at the Deutsche Bank 9th Annual Lithium & Battery Supply Chain Conference

Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announced today that Eric Norris chief commercial officer, will participate in a fireside chat at the Deutsche Bank Lithium & Battery Supply Chain Conference on Wednesday, Dec. 4 .

Albemarle Corp. Logo. (PRNewsFoto/Albemarle Corporation)

The fireside chat is scheduled from approximately 8 to 8:20 a.m. EST . The webcast will be accessible at the time of the event through the News and Events page on Albemarle's website at http://investors.albemarle.com . A webcast replay will be posted to the company's website immediately following the conclusion of the event and will be available for 180 days.

About Albemarle 
Albemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com , LinkedIn and on X (formerly known as Twitter) @AlbemarleCorp .

Albemarle regularly posts information to www.albemarle.com , including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves.

Media Contact: Peter Smolowitz , +1 (980) 308-6310, media@albemarle.com
Investor Relations Contact:
+1 (980) 299-5700, invest@albemarle.com

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/albemarle-corporation-to-participate-in-virtual-fireside-chat-at-the-deutsche-bank-9th-annual-lithium--battery-supply-chain-conference-302319910.html

SOURCE Albemarle Corporation

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