Lithium Australia (ASX:LIT) share price falls despite added patent protection

The Lithium Australia share price has edged lower today despite the company announcing it has filed two patents for its products.
The post Lithium Australia (ASX:LIT) share price falls despite added patent protection appeared first on Motley Fool Australia. –

man holding a light bulb with a chain and padlock around it

The Lithium Australia NL (ASX: LIT) share price has edged lower today despite the the company announcing it has strengthened IP protection for its battery recycling process.  At the time of writing, the Lithium Australia share price has edged 1.85% lower to 5.3 cents.

What does Lithium Australia do?

Lithium Australia, formerly known as Cobre Montana, is a developer of disruptive lithium extraction technologies. It has strategic alliances with a number of companies, potentially providing access to a diversified lithium mineral inventory.

Lithium Australia strives for energy-efficient recovery of lithium from mine waste to create primary battery chemicals. It aims to convert primary battery chemicals into cathode materials through recycling of energy metals from spent lithium-ion batteries (LIB) and alkaline batteries.

Lithium waste is growing at an exponential rate and there is an ever increasing shift towards the use of electric vehicles around the world. Lithium Australia aims to capitalise on these trends and may also see some upside from the recycling of other battery components, such as nickel, cobalt and manganese. Shareholders will be hoping the Lithium Australia share price can hitch a ride on Europe’s lithium bandwagon.

What did the company announce?

The Lithium Australia share price is flat today despite the company advising it has filed two provisional patent cooperation treaty applications relating to the recycling of battery materials, specifically with regard to lithium-ion batteries (LIBs). The first application involves the recovery of electrode materials and electrolyte from spent LIBs. The second involves the selective separation of mixed metal sulphates.

These processes are ideal for the efficient recycling of end-of-life electric vehicle batteries in that they generate high value chemicals for return to the circular battery economy.

Lithium Australia MD, Adrian Griffin, was pleased as he announced:

Lithium Australia, through its recycling subsidiary Envirostream Australia Pty Ltd, is a leader in the field of battery recycling technologies. With our recent successful capital raising, we’re in a strong position to accelerate commercialisation of the technologies discussed here. Indeed, the first of those has already been implemented on a commercial scale at our Melbourne processing plant.

Foolish takeaway

While the majority of hype regarding electric vehicles and batteries has been surrounding companies such as Tesla Inc (NASDAQ: TSLA), Nikola Corporation (NASDAQ: NKLA) and, closer to home, Novonix Ltd (ASX: NVX), Lithium Australia provides an alternate entry point. Nonetheless, shareholders have been left wanting with the Lithium Australia share price experiencing a 12% decline so far this year. 

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of June 30th

More reading

Daniel Ewing owns shares of Nikola. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Tesla. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Lithium Australia (ASX:LIT) share price falls despite added patent protection appeared first on Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!