Just the Facts: Livium advances VSPC development with Australian demonstration plant [Video]

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Livium Ltd (ASX:LIT, OTC:LMMFF).

The company continues to progress its Battery Materials division, VSPC, towards commercialisation.

Following an internal assessment, Australia has been selected as the preferred location for a demonstration plant to produce lithium ferro phosphate (LFP) and lithium manganese ferro phosphate (LMFP) materials.

The decision was driven by the availability of Australian Government funding and the higher risks associated with offshore plants.

The demonstration plant will operate continuously, producing materials to meet customer product qualification requirements.

It represents a critical step toward establishing a full-scale production facility with a capacity of 25,000 tonnes per annum, potentially generating annual revenues of US$319 million at an LFP price of ~US$12.75/kg.

Livium has made significant progress in securing funding for the plant through non-dilutive government support and private strategic partnerships, avoiding reliance on shareholder contributions.

The company has also expanded its VSPC …