Quarterly Activities Report March 2025
Latest announcements
Announcement summary
Quarterly Activities Report March 2025
Livium has released its Quarterly Activities Report for March 2025, outlining several key highlights and achievements. The company secured a new battery recycling services agreement with Sell & Parker valued at over A$5.0m, with anticipated revenues of A$3.0m over the next year. Additionally, an agreement with ARENA for non-recourse grant funding of up to A$30m related to the VSPC’s LFP demonstration plant has been executed. Significant progress has been made in recycling operations, resulting in a gross profit increase of ~A$0.7m and a gross profit margin of 51%. A restructure of the organization has been completed, resulting in annual savings of A$1.7m and the appointment of Mr. Phillip Campbell as the independent Non-Executive Chair. The company has executed an ~A$850k grant funding agreement with the WA government, further supporting its battery recycling efforts. Livium and Mineral Resources Ltd have agreed on the next steps for the LieNA® commercialization activities, aiming to optimize the development of the technology. Lastly, Livium completed a successful placement with existing and new institutional investors, raising gross proceeds of approximately A$4.5m. The company continues to focus on strategic partnerships and cost-saving measures to drive growth and meet its business objectives. Investors are encouraged to review the full report and engage with management for any further inquiries.
Ask a question
Your question will be visible to everyone.
Investor Q&As
Start the conversation
Ask Livium a question about this announcement.