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.

LU7:AU
Lithium Universe

Lithium Universe Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Lithium Universe

Lithium Universe


Keep reading...Show less

Closing the Lithium Conversion Gap in North America

Lithium Universe Ltd  Interview with Executive Chairman

Lithium Universe Ltd Interview with Executive Chairman

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce an interview with Executive Chairman, Iggy Tan at the recent Lithium Supply & Battery Raw Materials Conference in Las Vegas. The interview was conducted by The Rock Stock Channel.

Interview Highlights

- Discussions with potential spodumene feedstock offtakers ongoing

- Further talks with potential OEMs on battery grade lithium carbonate offtake

- All work completed on Becancour Lithium Project - waiting for lithium market recovery

- Acquisition of global rights photovoltaic (PV) solar panel recycling technology

- "Microwave Joule Heating Technology" (MJHT) from Macquarie University

- Utilizes microwave technology to selectively heat and delaminate PV cells

- Today only 15% of waste solar cells are recycled, rest end up in land fill

- Difficult to recycle, high temperature furnace, toxic chemicals, low recovery

- To investigate further recovery of silver, silicon, gallium and indium

To Watch the Interview, please visit:
https://www.abnnewswire.net/lnk/S0S4T95N

 

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

Keep reading...Show less
Lithium Universe Ltd  PV SOLAR CELL Recycling Acquisition Legal Due Diligence Complete

Lithium Universe Ltd PV SOLAR CELL Recycling Acquisition Legal Due Diligence Complete

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce that further to its announcement dated 18 June 2025 (Announcement), it has now completed legal due diligence to its absolute satisfaction. As such, the Company is now progressing towards completion of the Acquisition (defined below).

ACQUISITION DETAILS

As detailed in the Announcement, the Company has entered into a binding agreement to acquire the global rights to commercially exploit a patented photovoltaic (PV) solar panel recycling technology known as Microwave Joule Heating Technology. The rights will be secured via an exclusive licensing agreement with Macquarie University (MQU), held through an Australian-incorporated holding company, New Age Minerals Pty Ltd (NAM). The transaction will be effected by the Company acquiring 100% of the issued share capital of NAM (Acquisition).

As disclosed in the Announcement, completion of the Acquisition was conditional on the Company completing legal due diligence. This has now been completed to the satisfaction of the Company.

Completion was also conditional on the Company, NAM and MQU entering into a variation to the licensing agreement to reflect the change in ownership of NAM. The parties have since agreed in writing to waive this condition to allow completion of the Acquisition to proceed, with the variation to be entered into with MQU as soon as practicable following completion.

The Company will now proceed to the acquisition of NAM.

 

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

Keep reading...Show less
Magnifying glass focusing on the Albemarle website logo.

Albemarle's Commitment to Sustainability Shines in New Report

As global demand for critical minerals intensifies, Albemarle (NYSE:ALB) continues to position itself as a global leader not only in lithium production but also in sustainable practices.

In its newly released 2024 sustainability report, titled “Values-Led, Purpose-Driven,” the company underscores its commitment to reducing its environmental footprint across six continents, supporting global supply chains and promoting human rights across operations.

From cutting freshwater intensity at its Chilean operations by 28 percent to procuring 24 percent of its electricity from renewable sources, Albemarle is striving to grow its energy storage business while keeping carbon emissions flat, as it translates ESG goals into action.

Keep reading...Show less
Salt flats with text overlay: '5 Top Australian Mining Stocks This Week'

Top 5 Australian Mining Stocks This Week: Argosy Climbs 89 Percent on Rincon Lithium Spot Contract

Welcome to the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

This week's top performing stocks includes firms focused on a wide variety of metals, including lithium, rutile and manganese. Lithium stocks, including top gainer Argosy Minerals (ASX:AGY), picked up momentum this week as prices moved upwards for a second straight week.

Companies focused on magnetite and rare earths were also among the week's top performers, including Freehill Mining (ASX:FHS), which saw its shares surge following insider buying from key executives including Chairman Benjamin Jarvis.

Keep reading...Show less
Metallic battery with a world map etched on it, against a dark background.

3 Key Themes from Fastmarkets' 2025 Lithium Supply & Battery Raw Materials Event

Market volatility, Chinese control, supply chain risk mitigation and financing emerged as some of the most prevalent themes at the 2025 Fastmarket’s Lithium Supply Battery Raw Materials (LBRM) conference in Las Vegas.

The event, which is in its 17th year, drew a crowd of roughly 1000 delegates, industry experts and analysts, to discuss the current landscape and future projections of the battery materials sector.

During his opening remarks, Fastmarkets CEO Raju Daswani highlighted the growth and maturation the battery raw materials sector has experienced.

Keep reading...Show less
Metals Australia (ASX:MLS)

Metals Australia


Keep reading...Show less
Futuristic skyline with electric car chargers and glowing cityscape at sunset.

Expert: African Lithium Key to China's Battery Supply Chain Dominance

With the global shift to electric vehicles (EVs) accelerating, China is cementing its dominance over the lithium supply chain by pouring investment into African mines, creating a new center of gravity for the battery metal.

Speaking at the Lithium Supply Battery Raw Materials conference, Claudia Cook senior analyst at Fastmarkets offered a sweeping assessment of how China is reshaping global lithium flows and why Africa will be crucial in the next decade.

Cook laid out in detail how China’s lithium strategy is evolving. As the world’s largest EV market, China needs a consistent, low-cost supply of lithium — but its domestic production is increasingly insufficient.

Keep reading...Show less
Lithium Universe

Lithium Universe Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×