Lithium Australia: Increases stake in Envirostream to 90pc
- Lithium Australia (LIT) will increase its stake in Envirostream Australia to a 90 per cent interest for $1.3M
- This aligned with its strategy to recycle old batteries to create a circular battery economy
- Envirostream is the only company in Australia that can collect, sort, shred and separate all the components of used lithium-ion batteries
- This facility also can recycle up to 3000 tonnes of spent batteries per annum
- Then the Lithium Australia remains flat today and shares are trading for 3.5 cents each
- SungEel will then refine the dust into chemicals for incorporation in new lithium-ion batteries
