Lithium Universe Ltd. is pleased to announce the results of its Definitive Feasibility Study for the Becancour Lithium Carbonate Refinery in Quebec, Canada. The Company previously released a Preliminary Feasibility Study in October 2024. The follow-up DFS confirms the viability of a strong lithium conversion project, even within a below-average pricing environment. The Company plans to build a reliable, lowrisk lithium [...]
Lithium Universe Ltd. is pleased to announce the signing of a Memorandum of Understanding with La Corporation de l'Ecole Polytechnique de Montreal . Highlights - Collaboration in lithium processing with renowned local University - Build local Canadian expertise in battery materials - Enhance education, training, and research in critical mineral industry in Canada - Drive innovation in engineering solutions for [...]
Lithium Universe Ltd. is pleased to announce the signing of a non-binding Memorandum of Understanding with Lafarge Canada Inc. for the exclusive supply of Aluminosilicate Secondary Product produced from the Becancour Lithium Refinery. Highlights - MOU signed with strategic cement partner, Lafarge Canada Inc. - Canadian cement producer, part of the Holcim Group - Exclusive supply of all Aluminosilicate product from [...]
Lithium Universe Ltd. recently announced the results of its Preliminary Feasibility Study for the Becancour Lithium Carbonate Refinery in Quebec, Canada. The PFS confirms the viability of a strong lithium conversion project, even within a below-average pricing environment. The Company plans to build a reliable, low-risk lithium conversion refinery with an annual capacity of up to 18,270 tonnes, utilizing proven expertise [...]
Lithium Universe Ltd. is pleased to announce the signing of a Memorandum of Understanding to partner on logistics of essential chemical products for Lithium Universe's Becancour Lithium Refinery operations. Highlights - Strategic local chemical logistics partnership with Servitank - Single logistics supplier capable of sourcing multiple process chemicals - Reliable delivery of critical chemical inputs to Becancour Lithium [...]
Lithium Universe Ltd. is pleased to announce that its Chairman, Iggy Tan, recently participated in an interview titled "Quebec Carbonate" on the Rock Stock Channel Podcast. The interview emphasises the Company's strategic choice to focus on lithium carbonate over hydroxide, reflecting shifting market demand towards safer and cheaper lithium iron phosphate batteries. Mr Tan outlines the competitive advantages of Quebec for [...]
Lithium Universe Ltd. is pleased to announce that further to its announcement dated 31 October 2024 , it has now settled the first tranche of its share placement to sophisticated and professional investors . Highlights - Successful settlement of Tranche 1 of the share placement to sophisticated and professional investors, raising $1.94 million - Entitlement Offer to open to shareholders on 11 November 2024 - Tranche 2 of [...]
Lithium Universe Ltd. recently announced the results of its Preliminary Feasibility Study for the Becancour Lithium Carbonate Refinery in Quebec, Canada. The PFS confirms the viability of a strong lithium conversion project, even within a below-average pricing environment. The Company plans to build a reliable, low-risk lithium conversion refinery with an annual capacity of up to 18,270 tonnes, utilizing proven expertise [...]
Lithium Universe Ltd. is pleased to announce the following Placement. Highlights - Binding commitments received to raise $2.14 million - Launch of pro-rata Non-Renounceable Entitlement Offer to raise $1.02 million - Issue price of the Placement and Entitlement Offer is $0.0125 per share - A total of $3.16 million in capital raising - Participants in Placement and Entitlement Offer to receive free attaching options - On [...]
About Lithium Universe Ltd: Lithium Universe Ltd. , 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 Ltd.. Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a [...]
Lithium Universe Ltd. is pleased to announce that the Becancour Lithium Refinery Definitive Feasibility Study is at full steam and tracking as expected. Highlights - DFS is progressing and on track as expected - Finalizing capital cost estimate for DFS - 80% of supplier pricing program completed - Procurement strategy and material take-offs being finalized - Engineering design tailored to new site conditions - Project led [...]
The Lithium Universe Ltd. strategy emphasizes developing a robust lithium refinery project in Becancour, designed to be viable even in low-price environments and ready to capitalize on price recovery. LU7 aims to close the lithium conversion gap by focusing on both resource development and end-market projects. The financial model demonstrates strong economic viability with a pre-tax NPV8% of US$779M, an IRR of 23.5%, and [...]