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Livium and Mineral Resources have agreed on next steps for the LieNA® technology's commercialisation pathway, defined as Stage 1A Activities. Stage 1A Activities will optimize the development and select the preferred lithium product and will be funded through remaining balance of the existing convertible note and R&D tax rebates.   

The term of the convertible notes have been extended until 30 September 2025. Upon successful completion of Stage 1A Activities, MinRes's convertible note will convert into equity forming a 50:50 joint venture with Livium. 

Livium and Mineral Resources have agreed on next steps for the LieNA® technology's commercialization pathway. Additional activities will be funded through remaining balances and tax rebates. Stage 1A activities will optimize the development and select the preferred lithium product. Livium CEO Simon Linge emphasized the significance of completing Stage 1 Activities and expressed confidence in the collaboration with MinRes. Mineral Resources praised Livium's positive progress and looks forward to continued partnership in Stage 1A Activities.<br/><br/>Upon successful completion of Stage 1A Activities, MinRes's convertible note will convert into equity in a joint venture with Livium. The JV entity will focus on licensing the LieNA® technology to third parties at a gross product royalty rate of 8%. The JV plans to license the technology to a semi-commercial facility, expanding Livium's addressable market.<br/><br/>Investors can be reassured by the progress made in these activities and the strategic partnership between Livium and Mineral Resources. For more details or questions, feel free to reach out, and let's continue to move forward in our goal of sustainable lithium production.