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Lithium Australia (ASX:LIT) fortifies IP protection for battery recycling

Materials
ASX:LIT      MCAP $34.22M
03 August 2021 10:00 (AEST)
Lithium Australia (ASX:LIT) - Managing Director, Adrian Griffin

Source: Lithium Australia

Lithium Australia’s (LIT) subsidiary, Envirostream Australia, has filed a provisional patent co-operation treaty (PCT) application for its alkaline batteries recycling process.

LIT owns 90 per cent of the company, which is seeking intellectual property protection for its method of separating electrode materials, such as cathodes and anodes, from batteries.

Notably, Envirostream used this process to generate samples for its micronutrient field trial program undertaken this year.

Commenting on the pending application, Lithium Australia’s managing director Adrian Griffin said the ability to add value to spent alkaline batteries further demonstrated Envirostream’s “leading edge” in the field.

“A timely technical advance, it coincides with the introduction of the national battery stewardship scheme, designed to divert end-of-life batteries from landfill and will it enhance the value of the spent alkaline batteries available for recycling,” he said.

LIT aims to ensure an ethical supply of energy materials to the battery industry through a process that enhances both sustainability and resource security.

Lithium Australia shares were sitting steady at 12.5 cents at 11:56 am AEST.

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