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Lithium Universe (ASX:LU7) has unveiled a proposed strategy to build out a second lithium refinery in Texas, U.S., similar to its existing plant in Quebec, on-site at the company’s Brownsville landholding of interest in the Lone Star State (acquired to establish a solar panel recycling facility).
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According to the company, “[the] Brownsville PV Recycling site under evaluation is large enough to accommodate two lithium carbonate refinery trains alongside recycling operations.”
The company has been assessing the site since early October, given Texas recently overtook California when it comes to utility-scale solar installations.
The company is further hopeful the nearby Port of Brownsville could enable easy-to-access imports of spodumene from overseas to be quickly refined on-site alongside recycling activities; with the benefit of proximity to U.S. battery markets and what Lithium Universe called “cheaper labour, low capital intensity… and one of the most business-friendly jurisdictions in the United States.”
(For its part, Lithium Universe has been looking at lower-cost agreements in the Power of Brownsville Business Park, not unlike a special economic zone.)
“The site lies adjacent to Chemical Road and State Highway 48, providing efficient truck access for inbound end-of-life PV panels and outbound recovered products such as silver, silicon, and other critical metals. Just across the channel, deep-water port facilities allow direct maritime transport,” the company wrote earlier this month.
LU7 last traded at 1.4cps.
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