Exclusive Global Rights to UoM REE Extraction Technology
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Exclusive Global Rights to UoM REE Extraction Technology
Livium has secured exclusive global rights to University of Melbourne's innovative Microwave technology for Rare Earth Elements (REE) extraction.
This technology has shown recoveries of over 95% Neodymium and over 80% Praseodymium, with significant energy reduction compared to traditional methods. Additionally, there is an option to expand rights to platinum group metals (PGMs), with promising laboratory recoveries.
The global REE market is expected to grow to US$7.3 billion by 2026, creating significant opportunities for Livium. The partnership with University of Melbourne marks a strategic move for Livium towards expanding its circular economy portfolio and tapping into the growing demand for REEs and PGMs. The innovative Microwave technology offers efficient and sustainable extraction methods, positioning Livium at the forefront of sustainable recovery practices. Livium's IP License Agreement grants exclusive rights to commercialize the technology for 20 years, with options for further expansion. The Company aims to unlock new value streams, reduce environmental impact, and support the global shift towards circular supply chains.
Investors are encouraged to reach out with any questions regarding this exciting development.
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