Completion of PV Solar Cell Recycling Acquisition
| Stock | Lithium Universe Ltd (LU7.ASX) |
|---|---|
| Release Time | 18 Jul 2025, 8:51 a.m. |
| Price Sensitive | Yes |
Lithium Universe Completes PV Solar Cell Recycling Acquisition
- Acquisition of 100% of New Age Minerals Pty Ltd, owner of exclusive rights to patented photovoltaic (PV) solar panel recycling technology
- Focus on developing research program to enhance Microwave Joule Heating Technology and unlock its commercial potential
- Collaboration with Macquarie University to advance sustainable recycling solutions and position Lithium Universe as a leader in critical metal recovery
Lithium Universe Limited (ASX: LU7) has successfully completed the acquisition of 100% of the issued capital of New Age Minerals Pty Ltd (NAM), which holds an exclusive licensing agreement with Macquarie University for patented photovoltaic (PV) solar panel recycling technology known as Microwave Joule Heating Technology. This acquisition marks an important milestone for Lithium Universe, as it allows the company to begin working more closely with the Macquarie University team to develop a robust research program to enhance the Microwave Joule Heating Technology and unlock its full commercial potential. The company believes this collaboration will play a pivotal role in advancing sustainable recycling solutions and position Lithium Universe as a leader in critical metal recovery from end-of-life solar panels. Lithium Universe is a forward-thinking company dedicated to addressing two major strategic initiatives: the development of a green, battery-grade lithium carbonate refinery in Québec, Canada, and pioneering the recycling of valuable metals, including silver, from discarded solar panels. With the acquisition of the Microwave Joule Heating Technology, the company is now well-positioned to contribute to the global circular economy by offering a more efficient, cost-effective, and environmentally friendly recycling solution for solar panel waste.
Lithium Universe is committed to ensuring that both its lithium and PV solar recycling strategies help meet the world's growing demand for clean energy, while offering a sustainable solution to the challenges of resource scarcity and waste management. The company plans to expand its focus to other critical metals like copper and indium as it progresses with its PV solar recycling technology.