Novo Litio aims to be a sustainable European lithium carbonate/lithium hydroxide supplier, from its Northern Portugal operations, to the burgeoning lithium ion battery production market in Europe. It also aims to supply ultra low impurity, technical grade petalite concentrate to the glass/ceramics market. Novo Litio Ltd is an Australian ASX and Frankfurt listed Company which aims to become a sustainable European lithium carbonate/lithium hydroxide supplier, from its Northern Portugal operations, to the burgeoning lithium ion battery production market in Europe. Europe is leading the world in uptake of electric vehicles EVs using lithium ion batteries this, coupled with the increasing demand for home and commercial energy storage, is driving the growth in lithium ion battery demand. The domestic manufacturing of lithium ion batteries, cells and associated cathode/electrolyte is critical for Europe s future economy and security, as is the domestic production of the raw materials necessary for this manufacturing, especially lithium. Sourcing lithium domestically will also significantly reduce the carbon footprint of the battery supply chain. The Company has a significant cash position from the sale of its Australian lithium discovery, and is fully funded to the completion of its Definitive Feasibility Study at Sepeda. A demonstration plant will commence in September to produce technical grade lithium concentrate, and later battery grade lithium carbonate, with commercially proven off the shelf technologies. The Company aims to be producing technical grade concentrate by early , which will help to fund lithium carbonate/lithium hydroxide plant construction, with first production of lithium carbonate planned for early . The latter is aimed to coincide with the start of cathode material production in Europe by other companies. The team at Novo Litio are highly motivated to source the raw materials required for the global transition to a low emissions, renewable energy powered future.
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