Li-S Energy (ASX: $LIS) Awarded Industry Growth Program Grant

Li-S Energy Limited (ASX: $LIS) has been awarded a $1.7 million Industry Growth Program (IGP) Commercialisation and Growth Grant to develop Australia's first lithium foil production line. The grant, announced by The Hon. Ed Husic, Minister for Industry and Science, aims to support the development of high-quality lithium foils from lithium metal ingots for advanced battery applications.

Executive Commentary on IGP Grant and Market Opportunity

With the support of the IGP Grant, Li-S Energy will develop a production line to produce high-quality lithium foils from lithium metal ingots. Dr Lee Finniear, CEO of Li-S Energy, expressed excitement about the opportunity to develop a new, high-value lithium foil manufacturing capability in Australia. He highlighted the significance of Australia's vast lithium reserves and the potential for the country to become a leading player in the growing lithium foil market.

Summary of IGP Grant and Future Outlook

Li-S Energy (ASX: $LIS) has been awarded a $1.7 million Industry Growth Program (IGP) Commercialisation and Growth Grant to establish Australia's first lithium foil production line. The company aims to capitalize on the emerging market for lithium foil, leveraging Australia's significant lithium reserves. With global demand for lithium metal foil forecasted to reach US$51 billion by 2032, the grant positions Li-S Energy to contribute to the growth of the advanced battery industry. The development of a new manufacturing capability aligns with the company's ambitions to enhance Australia's position in the global lithium market.