Lithium Universe

Quarterly Activities/Appendix 5B Cash Flow Report

Lithium Universe Limited (“Lithium Universe”, the “Company” or ASX: “LU7”) is pleased to present its Quarterly Activities and Cash Flow Report.


HIGHLIGHTS

Appointment of Hatch for Lithium Carbonate Plant Engineering Study

  • Hatch Ltd appointed Lithium Carbonate Engineering Study Manager
  • Study focus is 16,000 tpa battery grade lithium carbonate plant
  • Multi disciplinary engineering group with extensive lithium experience
  • Hatch designed and built the 17,000 tpa Jiangsu Lithium Carbonate Plant for Galaxy
  • Under the leadership of Dr Jingyuan Liu and John Loxton
  • Part of the Quebec Lithium Processing Hub (QLPH) Strategy

Hatch Completion of Location Study for Lithium Carbonate Refinery

  • Completed a location study for the optimal Lithium Carbonate Refinery site
  • 16,000 tonne per annum battery-grade lithium carbonate refinery
  • Bécancour Industrial Park most favoured between Québec City and Montreal
  • Commenced discussions with the industrial park

LU7 Bolsters North American Operational Experience

  • Appointment of Ms Victoria Vargas, as Director to its subsidiary, Lithium Universe (Holdings) Ltd (Canada)
  • 25 years of experience within North American capital markets
  • Extensive experience across the mining and minerals industry
LU7 Expands Presence with New Office in Montreal
  • Strategically expanding presence in Québec
  • Centrally Located near engineering partners HATCH and Primero Group

Outstanding Progress on QLPH Concentrator Engineering Study

  • Primero's outstanding progress in QLPH concentrator engineering study
  • Impressive pace and quality surpasses industry norms
  • Based on Mt Cattlin design and supervised by Lithium Dream Team
  • Key deliverables: Block Flow and Process Flow Diagrams, Mass Balance, Process Design Criteria

Lithium Universe Meeting with Quebec Government to Share Strategy

  • LU7 meets with Québec Government
  • Minister of Economics, Innovation and Energy, Pierre Fitzgibbon
  • Hubert Bolduc, President, Investissement Québec International

Excellent Progress of Lithium Carbonate Refinery Engineering Study

  • Hatch's outstanding progress in QLPH Li Carb Refinery engineering study
  • Finalisation of design flow sheet and draft site layout
  • Completion of Block Flow Diagram (BFD) and Process Flow Diagrams (PFD) and Mass Balance along with Process Design Criteria (PDC)
Apollo Lithium Project Summer/Fall Exploration Completed
  • Completion of summer/fall exploration campaign
  • Final soil laboratory analysis received
  • Drilling strategy for 2024 along a major east-west trending fault shear corridor feature
  • Feature extends from Apollo project to Winsome Resources Limited's Adina Lithium project to the east
  • Priority drill targets generated for 2024 drilling campaign

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 Ltd  Quarterly Activities Report

Lithium Universe Ltd Quarterly Activities Report

Melbourne, Australia (ABN Newswire) - During the June quarter, Lithium Universe Ltd (ASX:LU7,OTC:LUVSF) (FRA:KU00) (OTCMKTS:LUVSF) announced the acquisition of the global rights to commercially exploit a patented photovoltaic solar panel recycling technology known as "Microwave Joule Heating Technology" (MJHT) developed by Macquarie University and held by an Australian-incorporated holding company, New Age Minerals Pty Ltd. The transaction was finalised in July, when LU7 completed its due diligence and acquired 100% of the issued share capital of New Age Minerals Pty Ltd.

The basis of Microwave Joule Heating Technology utilises microwave technology to selectively heat silicon, thereby softening the EVA encapsulant in solar panels, enabling easy delamination and potential recovery of valuable materials at room temperature. This approach avoids the need for extreme heat (1,400degC) typically required for separating materials like glass and silicon, as well as the use of costly, hazardous chemicals in traditional processes. Delamination also enables selective separation of materials, whereas traditional crushing methods often result in cross-contaminated material and lower recovery rates.

The breakthrough technology offers a promising new approach for the enhanced recovery of valuable metals, including silver, silicon, gallium, and indium. The Company plans to initiate further research and development in this area.

"The Lithium Universe team has had a very productive start to the year.

On the lithium front, we completed the positive lithium refinery DFS, and over the past quarter have leveraged that into a wide range of ongoing conversations with producers, offtake partners, and funding partners.

Based on those discussions, I remain very confident in our counter-cyclical strategy and firmly believe that LU7 is well-positioned to benefit significantly when the lithium market rebounds.

While awaiting this recovery, we were also excited to seize the opportunity to acquire a cutting-edge solar panel recycling technology developed by Macquarie University. With a growing focus on the supply of critical minerals, the potential to unlock a new source of silver, silicon, gallium, and indium to feed the high-tech industry has a lot of value and aligns well with Lithium Universe's strategy of developing mineral processing technology and infrastructure for the circular economy.

Waste management is also a growing concern globally. And with only 15% of panels currently being recycled, the need for effective PV recycling has never been greater. Microwave technology offers a promising solution to these challenges, enabling higher recovery rates and more sustainable recycling processes.

We are looking forward to adding our chemical and industry experience to the mix and working with the Macquarie University team to commercialise this exciting technology."

Executive Chairman
Iggy Tan

*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/2X581523



About Lithium Universe Ltd:

Lithium Universe Ltd (ASX:LU7,OTC:LUVSF) (FRA:KU00) (OTCMKTS:LUVSF) is a forward-thinking company on a mission to close the "Lithium Conversion Gap" in North America and revolutionize the photovoltaic (PV) solar panel recycling sector. The company is dedicated to securing the future of green energy by addressing two major strategic initiatives: the development of a green, battery-grade lithium carbonate refinery in Quebec, Canada, and pioneering the recycling of valuable metals, including silver, from discarded solar panels.



Source:
Lithium Universe Ltd

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