https://www.engineeringnews.co.za

Lithium Australia negotiates for final stake in Envirostream

4th February 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Lithium Australia has reached an agreement with mixed battery recycling company Envirostream for the acquisition of the final 10% of the company.

Lithium Australia already holds a 90% interest in Envirostream, and on Friday announced that it had agreed to indicative terms to acquire the remaining interest from Envirostream MD Andrew Mackenzie.

A purchase price of A$250 000 is being contemplated, and Mackenzie will continue as MD of Envirostream, following the completion of the acquisition.

Lithium Australia said on Friday that while no formal agreement had been struck, the tentative completion date of the transaction was March 1.

Lithium Australia in 2019 increased its stake in Envirostream to 90%, shortly after that company reported the first production of mixed metal dust from its Melbourne processing facility.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

Showroom

Trotech
Trotech

Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.048 0.846s - 140pq - 2rq
Subscribe Now