Livium and Mineral Resources have agreed on next steps for the LieNA® technology's commercialisation pathway, defined as Stage 1A Activities. Stage 1A Activities will optimize the development and select the preferred lithium product and will be funded through remaining balance of the existing convertible note and R&D tax rebates.

The term of the convertible notes have been extended until 30 September 2025. Upon successful completion of Stage 1A Activities, MinRes's convertible note will convert into equity forming a 50:50 joint venture with Livium.