Quarterly Report Highlights

Lithium Universe Limited (‘LU7’) is pleased to present its Quarterly Activities and Cash Flow Report.

The Lithium Universe Strategy

• Positive, robust Bécancour Refinery PFS even in low pricing environment
• LU7 has a counter cyclical strategy – develop project, ready for price recovery
• Closing the Lithium Conversion Gap – growth in resource and end market projects

The Financial Modelling

• Economically viable with excellent pre-tax NPV8% of approximately US$779M
• IRR (pre-tax) of approximately 23.5% and payback of 3.5 years based on;
• Price forecast of US$1,170/t SC6 and US$20,970/t for battery grade Li₂CO₃
• Operating costs at around US$3,976/tonne; capital cost estimate of US$494 million
• Expected annual revenue of approx US$383 million and EBITDA of around US$147 million
• Project break even at around US$780 /t (SC6) and around US$14,000 per tonne Li₂CO₃

The Design

• LU7 offers a solution to worldwide lithium conversion failures and startup problems
• Using proven Jiangsu Refinery operating technology and lithium industry experience
• Producing up to 18,270 tonnes/year of green battery- grade lithium carbonate
• Smaller off-the-shelf style plant rather than large difficult-to-operate facilities
• Initial focus on lithium carbonate production – feed for LFP batteries
• Assumptions based on real operating data and experience – not new aspirant

The Location

• Québec ideal trans-Atlantic lithium conversion centre, comparable to China
• Feedstock from Canada, Brazil and Africa – end market North America
• Critical cost benefits – cheap green power, transport mine/end market savings, US/Canada tariffs
• 95% GHG emission reduction with Hydro Québec’s green energy

Next Steps

• Offtake discussions with interested OEMs underway
• LU7 continues to progress full Definitive Feasibility Study

• Formation of committee with W8banaki to progress Bécancour Lithium Refinery
• Collaboration with W8banaki to assist with site impact assessment
• W8banaki Nation traditional land custodians of Bécancour Industrial Park
• W8banaki representatives hold significant understanding of battery supply chain
• W8banaki hold years of experience collaborating with chemicals industry
• LU7 committed to a collaborative and respectful relationship

• Lithium Universe quoted on the German-based
• FRA
• Lithium Universe quoted on US-based OTC
• Providing access to trading for US, Canadian
• and European investors
• Expansion to broaden investor base into diverse markets

Click here for the full ASX Release

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