Lepidico's UK Government Endorsement Announcement

Lepidico Ltd (ASX:LPD) has received endorsement from the UK Government for its proprietary hydrometallurgical lithium processing technologies. The Trelavour Hard Rock Project in Cornwall, which will utilize Lepidico's technologies under license, has been designated as a Nationally Significant Infrastructure Project by the Secretary of State for Housing Communities and Local Government.

Executive Commentary on UK Government Endorsement

Lepidico's Managing Director Joe Walsh expressed, 'The directive from the UK Government's Secretary of State that the Trelavour lithium mica project should be treated as a Nationally Significant Infrastructure Project represents a significant endorsement of Lepidico's proprietary patented process technologies. A £9 million (A$17.7 million) demonstration plant to process Trelavour lithium mica mineralisation is currently in the advanced stages of construction, with chemical conversion via L-Max® and LOH-Max® to produce a nominal battery grade lithium hydroxide. We congratulate Cornish Lithium on this significant achievement.'

Summary of UK Government Endorsement and Future Outlook

Lepidico's proprietary hydrometallurgical lithium processing technologies have received a significant boost with the UK Government's endorsement of the Trelavour Hard Rock Project in Cornwall. The company's Managing Director, Joe Walsh, highlighted the advanced construction of a demonstration plant to process lithium mica mineralisation, aiming to produce battery grade lithium hydroxide. Lepidico's ambitions to provide sustainable lithium production and contribute to the decarbonization of alkali metals supply chains are reinforced by this endorsement. The company's first commercial lithium production is planned for 2026, subject to securing finance, and it aims to grow its business with its second project, Phase 2. Lepidico's patented-protected L-Max® and LOH-Max® technologies are also expected to generate royalty revenues as other businesses license these technologies. The endorsement signifies a positive outlook for Lepidico's role in the global lithium processing industry and its contribution to the UK's transition to renewable energy.