Livium Ltd (ASX:LIT) Advances LieNA® Commercialisation Plan
Commercialisation Pathway Optimisation
Livium Ltd (ASX: LIT) has reached an agreement with Mineral Resources Ltd (ASX: MIN) to advance the next steps in the commercialisation of its patented LieNA® technology. The companies will undertake additional Stage 1A activities aimed at optimising the commercialisation pathway and defining the preferred lithium product.
These Stage 1A activities will be fully funded through the remaining balance of the convertible note and LieNA® R&D tax incentive rebates, which were received on 8 January 2025. As part of the agreement, the maturity date of the Convertible Note Deed has been extended to 30 September 2025.
Joint Venture Development
Upon successful completion of the Stage 1A Activities, the convertible note will convert into equity in a new joint venture between Livium and Mineral Resources. Each party will hold a 50% interest in this joint venture, which will be named LieNA Pty Ltd.
Should the activities not proceed successfully, the JV will compensate Mineral Resources with 50% of the agreed value of the LieNA® technology. The joint venture plans to license the technology to third parties at a target gross product royalty rate of 8%, significantly expanding Livium’s addressable market.
Executive Comments
Simon Linge, CEO and Managing Director of Livium, remarked on the partnership’s progress. He noted, “The satisfactory completion of Stage 1 Activities represents a significant milestone for LieNA®. The funding allows the Stage 1A Activities to advance without any dilutionary impacts for shareholders.”
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