Quarterly Report on Business Operations by Lithium Universe Ltd
Lithium Universe Ltd, a company based in Canada, is making significant strides in the realm of renewable energy. The company, which can be found on the ASX (Australian Securities Exchange) under the ticker LU7, OTC (Over-the-counter) under LUVSF, and FRA (Frankfurt Stock Exchange) under KU00, is led by Executive Chairman Iggy Tan.
Lithium Universe Ltd is progressing on two main fronts: developing a green, battery-grade lithium carbonate refinery in Quebec, Canada, and advancing photovoltaic (PV) solar panel recycling technologies to recover valuable metals like silver.
Regarding the lithium carbonate refinery in Quebec, Lithium Universe aims to close the “Lithium Conversion Gap” in North America by producing environmentally friendly, battery-grade lithium carbonate for electric vehicle batteries. This project is ongoing as part of their strategic focus on supporting the renewable energy supply chain, although specific construction or operational milestones for the refinery were not detailed in the latest sources.
On the solar panel recycling front, Lithium Universe has significantly advanced by acquiring 100% of New Age Minerals and securing exclusive global rights to innovative recycling technologies developed by Macquarie University.
The company obtained rights to the Microwave Joule Heating Technology (MJHT) that enables efficient, precise delamination of solar panels to recover materials like silver, silicon, and other strategic metals without damaging reusable components. They also acquired the Jet Electrochemical Silver Extraction (JESE) technology, a breakthrough electrochemical process that selectively extracts high-purity silver from photovoltaic cells while preserving silicon wafers’ integrity for potential reuse. This method uses a low-voltage acid jet to dissolve silver rapidly and cleanly, avoiding destructive grinding and harsh chemicals typical of conventional recycling methods.
These two technologies combined position Lithium Universe at the forefront of sustainable PV panel recycling. The company estimates that recovering critical metals from the growing volume of solar panel waste—expected to exceed 60 million tonnes worldwide by 2050—represents a significant commercial and environmental opportunity.
CEO Iggy Tan highlights the strategic partnership with Macquarie University as key to accelerating commercial-scale, sustainable solutions for both lithium supply and clean energy technology recycling, strengthening the company’s impact across the renewable energy value chain.
In summary, Lithium Universe Ltd is actively advancing a dual strategy of green lithium refining and innovative solar panel recycling, reinforcing their role in the renewable energy supply chain and circular economy.
| Aspect | Current Progress | Future Plans/Impact | |--------------------------------|-------------------------------------------------------------|----------------------------------------------------------------| | Lithium Carbonate Refinery (Quebec) | Development underway focused on green, battery-grade lithium carbonate production | To provide sustainable lithium supply for electric vehicle batteries in North America | | Solar Panel Recycling | Completed acquisition of patented MJHT and JESE technologies; exclusive global rights secured | Commercialize integrated recycling technology for high-value metal recovery, preserving reusable panel components | | Recycling Focus | Recovery of silver, silicon, gallium, and indium with high efficiency and minimal environmental impact | Close the life cycle of solar modules and contribute to critical metals supply for the energy transition |
Overall, Lithium Universe Ltd is committed to securing the future of green energy and revolutionizing the photovoltaic (PV) solar panel recycling sector.
Read also:
- The current status of green hydrogen for developing countries following the wave of hype: Assessment of remains
- Rapid Growth in Bio-based Polypropylene Sector Anticipated at a Compound Annual Growth Rate of 26.5% by 2034
- UK Research and Innovation (UKRI) has granted funding for a research project focused on satellite-aided technologies, under their interdisciplinary scheme.
- Giant jellyfish invasions lead to a complete halt in operations at France's largest nuclear power station.
