Following an A$30 million grant from ARENA for the Australian LFP Demonstration Plant, Livium has successfully secured a A$4.5 million placement with commitments from new professional investors.

The funds raised will be used for working capital, progressing the demonstration plant, increasing battery recycling, and repaying outstanding amounts to Lind.

Peak Asset Management led the placement.

The options issuance of investor and lead manager options will be tabled for approval by shareholders at an anticipated general meeting in mid-April.