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Envirostream

Lithium Australia continues aggressive march to close lithium-ion battery recycling loop

Tue, 11/26/2019 - 15:28 -- Paul Crompton

Materials firm Lithium Australia now owns 73.7% of lithium-ion battery recycler Envirostream after upping its stake in the company for the third time this year.

Perth-based Lithium Australia paid AUD100,000 ($68,000) for the additional shares, mirroring the payment made in October to take its share in the recycler from 18.9% to 23.9%.

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Australian acquisition looks to close recycling loop

Tue, 04/09/2019 - 15:45 -- Hugh Finzel

Lithium Australia (LA) is to acquire a minority stake in lithium-ion battery (LIB) recycling company Envirostream, as part of its mission to “close the loop on the energy-metal cycle”.

The acquisition comes after LA started producing lithium-iron-phosphate battery cathode material from waste batteries at its re-commissioned pilot facility in Brisbane.

LA will invest a total of AUD600,000 (US$429,000) for 560 shares in Victoria-based Envirostream— currently representing 18.9% of the company’s issued capital.

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