Lithium Australia progresses commercialisation of next-gen lithium recovery process with exclusive European licence agreement
The LieNA® development program will culminate in a preliminary feasibility study to evaluate its viability in a number of jurisdictions, including Australia and Europe. The agreement will expire if DRAG fails to construct a LieNA® plant in Europe within a period of 10 years from the commencement date.
Lithium Australia NL’s (ASX:LIT (OTCMKTS:LMMFF) (FRA:3MW) commercialisation of its next-generation LieNA® caustic conversion process for the recovery of lithium from spodumene is progressing well.
On April 28, 2021, the company executed a commercialisation agreement with Deutsche Rohstoff AG (DRAG), a German natural resources holding and investment company.
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