Livium has signed a Term Sheet with the University of Melbourne (UoM) to secure exclusive global rights to innovative Microwave technology for Rare Earth Elements (REE) extraction. This collaboration will lead to the design and build of an Australian-first prototype, with potential to reduce energy consumption by an estimated 85% relative to traditional methods. The company's strategic focus on expanding into REE recycling aligns with growing demand and a global shift towards diversified supply chains. Livium already has strong connections in the REE end-of-life supply chain and plans to leverage its core competencies to capitalize on this opportunity. The exclusive access to UoM's microwave technology will further solidify Livium's leadership in resource recovery and process innovation. Investors can expect Livium to deepen its capabilities in REE extraction with a focus on sustainable practices and efficient processes. As the global market for REE is projected to reach US$7.3 billion by 2026, this expansion represents a significant commercial opportunity for Livium. For more information on this announcement and Livium's strategic advancements, feel free to reach out with any questions or inquiries.