Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Investing

Lithium Universe LtdPV SOLAR CELL Recycling Acquisition Legal Due Diligence Complete

by admin July 2, 2025
July 2, 2025
Lithium Universe LtdPV SOLAR CELL Recycling Acquisition Legal Due Diligence Complete

Melbourne, Australia (ABN Newswire) – Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce that further to its announcement dated 18 June 2025 (Announcement), it has now completed legal due diligence to its absolute satisfaction. As such, the Company is now progressing towards completion of the Acquisition (defined below).

ACQUISITION DETAILS

As detailed in the Announcement, the Company has entered into a binding agreement to acquire the global rights to commercially exploit a patented photovoltaic (PV) solar panel recycling technology known as Microwave Joule Heating Technology. The rights will be secured via an exclusive licensing agreement with Macquarie University (MQU), held through an Australian-incorporated holding company, New Age Minerals Pty Ltd (NAM). The transaction will be effected by the Company acquiring 100% of the issued share capital of NAM (Acquisition).

As disclosed in the Announcement, completion of the Acquisition was conditional on the Company completing legal due diligence. This has now been completed to the satisfaction of the Company.

Completion was also conditional on the Company, NAM and MQU entering into a variation to the licensing agreement to reflect the change in ownership of NAM. The parties have since agreed in writing to waive this condition to allow completion of the Acquisition to proceed, with the variation to be entered into with MQU as soon as practicable following completion.

The Company will now proceed to the acquisition of NAM.

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe’s mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

Source:
Lithium Universe Ltd

Contact:
Iggy Tan
Executive Chairman
Lithium Universe Limited
Email: info@lithiumuniverse.com

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

previous post
Questcorp Mining Engages Marketing Consulting Firm Spark Newswire
next post
Blackstone Secures $22.6m for Mankayan Copper-Gold Drilling

Related Posts

S&P Global: Mining Sector Sees Mixed Q1, Next...

May 18, 2025

Seequent Unveils Evo: Using Open-source Tech to Reshape...

March 15, 2025

TSX Hits Record High Amid Gold Price Surge...

May 21, 2025

CMC Metals Ltd. Announces Share Consolidation and Name Change

March 22, 2025

Should You Invest in Silver Bullion?

June 6, 2025

Minim Martap Project Update

February 26, 2025

Top 10 Gold Reserves by Country

May 16, 2025

Could the Silver Price Really Hit $100 per...

February 28, 2025

Altech – CERENERGY Environmental and Construction Approval

March 17, 2025

Acquisition Legal DD Complete

July 2, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • North Korea to send as many as 30,000 troops to bolster Russia’s forces, Ukrainian officials say

      July 3, 2025
    • Catherine, Princess of Wales makes first public appearance after dropping out of Royal Ascot

      July 3, 2025
    • Iran’s president approves law suspending cooperation with UN nuclear watchdog

      July 3, 2025
    • Could a ceasefire finally be struck in Gaza? Here’s what to know

      July 3, 2025
    • US teen influencer detained in Antarctica while attempting solo flight to 7 continents

      July 3, 2025
    • UK lawmakers vote to ban pro-Palestinian activist group under anti-terror law despite condemnation

      July 3, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved