Livium's strategic move in battery recycling

Livium (ASX:LIT) has been awarded a grant of approximately A$850,000 by the Western Australian government. This grant is designed to fund the development of a battery recycling facility in Western Australia. The facility will focus on battery collection, sorting, discharge, and storage, contributing to a sustainable battery recycling ecosystem.

Livium's battery recycling ambitions and future outlook

Livium has taken a significant step towards enhancing its e-waste management capabilities with the WA government's A$850,000 grant. The grant will support the development of a new battery recycling facility in Western Australia, which will be pivotal in the company's strategy to establish a nationwide recycling network. This aligns with Livium's broader goals to build local recycling capabilities and strengthen Australia's position in the global battery recycling industry. The company aims to contribute to a circular economy and lead the transition to sustainable lithium production. The WA Facility is expected to play a crucial role in these ambitions, ensuring a comprehensive national network for battery recycling. With the grant subject to final agreements and due diligence, Livium continues to work toward its vision of a sustainable future.

Executive insights on Livium's new facility

CEO and Managing Director Simon Linge expresses gratitude for the WA government's support and emphasizes Livium's commitment to contributing to a greener future through efficient e-waste management.