Proactive - Interviews for investors

Lithium Universe signs MoU with Lafarge in Canada

Episode Summary

Lithium Universe Ltd (ASX:LU7, OTC:LUVSF) CEO Alex Hanly spoke with Proactive’s Tylah Tully about the company’s Memorandum of Understanding (MoU) with Lafarge Canada and its strategic focus on Aluminosilicate Secondary Product (ACSR). Lafarge, a subsidiary of global cement and concrete leader Holcim, is one of Canada’s largest concrete producers. The partnership centres on ACSR, a byproduct produced during Lithium Universe’s lithium carbonate refinery process. This process generates ACSR in a 1:1 ratio to spodumene, alongside sodium sulphide. Hanly explained, “Rather than incurring high disposal costs, we see a valuable opportunity to integrate ASCR into the cement and concrete industry.” Following Lithium Universe’s PFS announcement last year, Lafarge expressed interest in exploring its potential applications in construction. The next step involves procuring an ASCR sample that closely resembles what the company expects to produce at its Bécancour refinery. This material will undergo rigorous quality and strength testing in collaboration with Lafarge, industry labs and Montreal-based universities to ensure it meets construction standards. Hanly emphasised that ASCR was a key focus for Lithium Universe, aligning with its broader strategy to enhance lithium refining efficiency, reduce waste and create new revenue streams by supplying sustainable materials to the construction sector. #LithiumUniverse #ASXLU7 #LUVSF #Lafarge #Holcim #AluminaSilica #ASP #LithiumRefining #BatteryMetals #Concrete #Sustainability #Investing #StockMarket #ProactiveInvestors