Quarterly Report on Lithium Universe Ltd's Business Activities
Lithium Universe Ltd, a forward-thinking company based in Quebec, Canada, is making significant strides in securing the future of green energy. The Executive Chairman of Lithium Universe, Iggy Tan, leads the company's mission to address two major strategic initiatives: the development of a lithium carbonate refinery and solar panel recycling.
The company's stock symbols are ASX:LU7, OTC:LUVSF, FRA:KU00, and OTCMKTS:LUVSF. Lithium Universe is focused on closing the "Lithium Conversion Gap" in North America, a crucial step towards self-sufficiency in lithium production.
In a recent development, Lithium Universe has acquired a cutting-edge solar panel recycling technology from Macquarie University. This technology, which uses Microwave Joule Heating Technology, promises to revolutionise the photovoltaic (PV) solar panel recycling sector. The technology selectively heats silicon to soften the EVA encapsulant at room temperature, enabling easy delamination of solar panels without the need for high heat or hazardous chemicals typically used in conventional recycling. This approach allows selective separation of valuable materials such as silver, silicon, gallium, and indium, enhancing recovery rates and reducing contamination compared to crushing methods.
On the lithium front, Lithium Universe completed a positive definitive feasibility study (DFS) for a lithium refinery earlier in the year. Following this, the company has been in extensive discussions with producers, offtake partners, and funding sources to position itself advantageously for the expected lithium market rebound.
In summary, Lithium Universe Ltd is progressing well by advancing lithium refinery development and deploying innovative, eco-friendly solar panel recycling technology aimed at unlocking critical minerals for the circular economy in North America. For more information, interested parties can contact Lithium Universe Ltd at [email protected].
[1] Lithium Universe Ltd Press Release, [Date], https://www.lithiumuniverse.com/news/ [2] Macquarie University Press Release, [Date], https://www.mq.edu.au/news/ [3] Lithium Universe Ltd Investor Presentation, [Date], https://www.lithiumuniverse.com/investors/
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