Successful A$4.5M Placement to Accelerate Battery, REE and Solar Panel Recycling Growth

Livium Ltd (ASX: LIT) (“Livium” or the “Company”) is pleased to announce it has received firm commitments from new and existing, institutional and sophisticated investors to raise $4.5m (“Placement”) before costs.

Highlights

• Firm commitments of A$4.5m received from institutional and sophisticated investors to accelerate battery recycling, pursue REE and PV recycling, and black mass processing
• Total investor demand exceeding 200% of the final placement value following confirmation of Livium’s core focus on recycling clean energy waste ¹
• Funds raised from the Placement will support the expansion of battery collections and relocation and consolidation of operations into a new, centralised processing Hub
• Funds will also support key deliverables to advance strategic recycling adjacencies including REE and PV recycling, and black mass processing
• Leading Melbourne-boutique, Peak Asset Management led the placement process

Livium CEO and Managing Director, Simon Linge commented:

"The strong support for this capital raising marks a key inflection point for Livium. Through disciplined execution, we have built Australia’s market-leading lithium-ion battery recycling operations and are now poised to scale further to meet growing market demand.

The proceeds from this Placement will accelerate our refined strategy, focused on recycling clean energy waste. The planned consolidation of operations into a single Hub will increase capacity and efficiency in battery recycling while providing space to expand into new verticals including rare earth element (REE) recycling, photovoltaic (PV) recycling, and black mass processing — all pursued with a measured approach.

I would like to thank our investors and Peak for their continued support. Together, we aim to build Livium into a cash generative, growth-focused company that captures value across the clean energy waste supply chain and delivers sustainable returns for shareholders.

Use of funds

Proceeds from the capital raising will be used to advance Livium’s recycling-led growth strategy and strengthen its position as Australia’s leading lithium-ion battery recycler. Funding will support the expansion of large-format LIB2 collections nationally, and the relocation and consolidation of Livium’s Victorian battery-recycling facilities into a centralised processing facility (Hub).

Capital will also be applied towards progressing key deliverables within Livium’s strategic recycling adjacencies — including recycling of rare earth elements (REE) and solar panels (PV), and black mass processing — to capture additional value across the clean energy waste supply chain. Remaining funds will be applied to general working capital to sustain operational delivery.

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