USD 0.01245
| ticker | 1 day return % | 1 week return % | 1 month return % | 3 months return % | 6 months return % | 1 year return % | 3 years return % | 5 years return % | 10 years return % | maximum return % |
|---|---|---|---|---|---|---|---|---|---|---|
| LMMFF | 8.8 | 2.9 | 18.6 | -11.1 | -39.6 | -15.3 | -84.6 | -58.5 | -89.4 | -89.4 |
| S&P 500 | 0.9 | 0.9 | 2.0 | 3.4 | 8.7 | 24.7 | 37.2 | 82.1 | 193.2 | 34153.9 |
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| Attribute | Value |
|---|---|
| symbol | LMMFF |
| name | Lithium Australia Limited |
| price | 0.01245 |
| changes percentage | 8.7719 |
| change | 0.001 |
| day low | 0.0114 |
| day high | 0.01245 |
| year high | 0.0256 |
| year low | 0.0001 |
| market cap | 16683124 |
| price avg 50 | 0.010082 |
| price avg 200 | 0.012431 |
| exchange | PNK |
| volume | 100 |
| avg volume | 11197 |
| open | 0.0114 |
| previous close | None |
| eps | -0.01 |
| pe | -1.24 |
| earnings announcement | 2025-02-26T10:59:00.000+0000 |
| shares outstanding | 1340010000 |
| timestamp | 2025-01-21 20:00:00 |
We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.
| 2024 | 2023 | Y/Y change % | |
|---|---|---|---|
| 0000000000 | |||
| revenue | 6712580 | 5489290 | 22.29 |
| gross profit | 2218111 | -9748882 | 122.75 |
| gross profit ratio | 0.33 | -1.78 | 118.61 |
| research and development expenses | 0 | 1531314 | -100.00 |
| operating expenses | 16379998 | 2548122 | 542.83 |
| interest income | 106285 | 93969 | 13.11 |
| interest expense | 215354 | 17377 | 1139.30 |
| ebitda | -9270094 | -9036040 | -2.59 |
| ebitdaratio | -1.38 | -1.65 | 16.11 |
| operating income | -14161887 | -12297000 | -15.17 |
| operating income ratio | -2.11 | -2.24 | 5.82 |
| net income | -10768982 | -7239447 | -48.75 |
| net income ratio | -1.6 | -1.32 | -21.65 |
| eps | -0.01 | -0.01 | -44.26 |
Revenue Growth: revenue increased to 7 million in 2024 from 5 million in 2023 representing a change of 22.29%. This indicates a sales growth, which is a positive sign for the company.
Gross Profit: Gross Profit increased to 2 million in 2024 from -10 million in 2023 representing a change of 122.75%. This indicates a sales profitability growth, which is a positive sign for the company.
Operating Expenses: Operating Expenses decreased to 16 million in 2024 from 3 million in 2023 representing a change of 542.83%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.
EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to -9 million in 2024 from -9 million in 2023 representing a change of -2.59%. The increase in EBITDA indicates improved operational efficiency and profitability.
Operating Income: Operating income increased to -14 million in 2024 from -12 million in 2023 representing a change of -15.17%. The increase in operating income indicates better operational performance and increased profitability.
Research and Development (R&D) Expenses: R&D Expenses decreased to 0 million in 2024 from 2 million in 2023 representing a change of -100.0%. This shows that the company decreased investment in innovation and product development, which is not a good sign for long-term growth.
Net Income: Net income decreased to -11 million in 2024 from -7 million in 2023 representing a change of -48.75%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.
| 2024Q4 | 2024Q3 | Q/Q change % | |
|---|---|---|---|
| 0000000000 | |||
| revenue | 2063894 | 2063894 | 0.00 |
| gross profit | 996762 | 996762 | 0.00 |
| gross profit ratio | 0.48 | 0.48 | 0.00 |
| research and development expenses | 127974 | 127974 | 0.00 |
| operating expenses | 5069801 | 5069801 | 0.00 |
| interest income | 69391 | 0 | NaN |
| interest expense | 170428 | 0 | NaN |
| ebitda | -4191505 | -4119659 | -1.74 |
| ebitdaratio | -2.03 | -2.0 | -1.74 |
| operating income | -4073039 | -4073039 | 0.00 |
| operating income ratio | -1.97 | -1.97 | 0.00 |
| net income | -3113407 | -3113407 | 0.00 |
| net income ratio | -1.51 | -1.51 | 0.00 |
| eps | -0.0 | -0.0 | 0.00 |
EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to -4 million in 2024Q4 from -4 million in 2024Q3 representing a change of -1.74%. The increase in EBITDA indicates improved operational efficiency and profitability.
| 2024 | 2023 | Y/Y change % | |
|---|---|---|---|
| 0000000000 | |||
| total assets | 18476876 | 25083307 | -26.34 |
| total liabilities | 15114719 | 7720604 | 95.77 |
| total equity | 3362157 | 17362703 | -80.64 |
| cash and cash equivalents | 4749073 | 9047417 | -47.51 |
| short term investments | 1167394 | 6564460 | -82.22 |
| long term investments | 0 | 0 | NaN |
| total current assets | 8045297 | 17353977 | -53.64 |
| total non current assets | 10431579 | 7729330 | 34.96 |
| total current liabilities | 14699794 | 7092532 | 107.26 |
| total non current liabilities | 414925 | 628071 | -33.94 |
| common stock | 99838267 | 99796467 | 0.04 |
| retained earnings | -96548148 | -84671637 | -14.03 |
| total debt | 4205270 | 1285551 | 227.12 |
Total Assets: Total Assets decreased to 18 million in 2024 from 25 million in 2023 representing a change of -26.34%. Suggesting a decrease in asset holdings.
Total Liabilities: Total Liabilities increased to 15 million in 2024 from 8 million in 2023 representing a change of 95.77%. This indicates an increase in overall liabilities.
Total Equity: Total Equity decreased to 3 million in 2024 from 17 million in 2023 representing a change of -80.64%. This indicates a decrease in shareholders' equity.
Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 5 million in 2024 from 9 million in 2023 representing a change of -47.51%. This indicates a decrease in available liquid assets.
Short Term Investments: Short Term Investments decreased to 1 million in 2024 from 7 million in 2023 representing a change of -82.22%. This indicates a decrease in short-term investment holdings.
Total Current Assets: Total Current Assets decreased to 8 million in 2024 from 17 million in 2023 representing a change of -53.64%. This indicates a worsen liquidity position.
Total Current Liabilities: Total Current Liabilities increased to 15 million in 2024 from 7 million in 2023 representing a change of 107.26%. This indicates a higher short-term debt burden.
Retained Earnings: Retained Earnings decreased to -97 million in 2024 from -85 million in 2023 representing a change of -14.03%. This indicates an accumulated losses.
Total Debt: Total Debt increased to 4 million in 2024 from 1 million in 2023 representing a change of 227.12%. This indicates an increase in overall debt burden.
Common Stock: Common Stock increased to 100 in 2024 from 100 in 2023 representing a change of 0.04%. This indicates an increase in ownership interest.
| 2024Q4 | 2024Q3 | Q/Q change % | |
|---|---|---|---|
| 0000000000 | |||
| total assets | 18476876 | 18476876 | 0.00 |
| total liabilities | 15114719 | 15114719 | 0.00 |
| total equity | 3362157 | 3362157 | 0.00 |
| cash and cash equivalents | 4749073 | 4749073 | 0.00 |
| short term investments | 1167394 | 1167394 | 0.00 |
| long term investments | 0 | 0 | NaN |
| total current assets | 8045297 | 8045297 | 0.00 |
| total non current assets | 10431579 | 10431579 | 0.00 |
| total current liabilities | 14699794 | 14699794 | 0.00 |
| total non current liabilities | 414925 | 414925 | 0.00 |
| common stock | 99838267 | 99838267 | 0.00 |
| retained earnings | -96548148 | -96548148 | 0.00 |
| total debt | 4205270 | 3167588 | 32.76 |
Total Debt: Total Debt increased to 4 million in 2024Q4 from 3 million in 2024Q3 representing a change of 32.76%. This indicates an increase in overall debt burden.
| 2024 | 2023 | Y/Y change % | |
|---|---|---|---|
| 0000000000 | |||
| net change in cash | -4298344 | 4199348 | -202.36 |
| operating cash flow | -6120523 | -8613474 | 28.94 |
| free cash flow | -10120286 | -10290873 | 1.66 |
| capital expenditure | -3999763 | -1677399 | -138.45 |
| depreciation and amortization | 0 | 3260960 | -100.00 |
| deferred income tax | 0 | -404503 | 100.00 |
| stock based compensation | 0 | 404503 | -100.00 |
| accounts payables | 550983 | -548214 | 200.51 |
| inventory | 0 | 99205 | -100.00 |
| acquisitions net | 40370 | 41614 | -2.99 |
| investments in property plant and equipment | -1087116 | -1677399 | 35.19 |
| net cash used for investing activites | -759795 | 1214690 | -162.55 |
| debt repayment | 0 | 0 | NaN |
| common stock issued | 3005167 | 12296191 | -75.56 |
| common stock repurchased | 0 | 0 | NaN |
| dividends paid | 0 | 0 | NaN |
| net cash used provided by financing activities | 2556864 | 11599776 | -77.96 |
| cash at end of period | 4749073 | 9047417 | -47.51 |
| accounts receivables | 0 | -4133 | 100.00 |
| cash at beginning of period | 9047417 | 4848069 | 86.62 |
Net Change in Cash: Net Change in Cash decreased to -4 million in 2024 from 4 million in 2023 representing a change of -202.36%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.
Deferred Income Tax: Deferred Income Tax increased to 0 million in 2024 from 0 million in 2023 representing a change of 100.0%. This indicates that the company's tax liability for future periods has increased.
Accounts Payables: The absolute value of Accounts Payables increased to 1 million in 2024 from 1 million in 2023 representing a change of 200.51%. This indicates that the company has increased its outstanding obligations to its suppliers.
Accounts Receivables: Accounts Receivables increased to 0 in 2024 from 0 million in 2023 representing a change of 100.0%. This suggests that the company is less capable of collecting payments from its customers.
Operating Cash Flow: Operating Cash Flow increased to -6 million in 2024 from -9 million in 2023 representing a change of 28.94%. This indicates that the company generated more cash from its core business operations.
Free Cash Flow: Free Cash Flow increased to -10 million in 2024 from -10 million in 2023 representing a change of 1.66%. This indicates an increase in cash generated after accounting for capital expenditures.
Capital Expenditure: Capital Expenditure decreased to -4 million in 2024 from -2 million in 2023 representing a change of -138.45%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.
Stock-Based Compensation: Stock-Based Compensation decreased to 0 million in 2024 from 0 million in 2023 representing a change of -100.0%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.
| 2024Q4 | 2024Q3 | Q/Q change % | |
|---|---|---|---|
| 0000000000 | |||
| operating cash flow | -521514 | -521514 | 0.00 |
| free cash flow | -654039 | -654039 | 0.00 |
| capital expenditure | -132525 | -132525 | 0.00 |
| depreciation and amortization | 269977 | 269977 | 0.00 |
| deferred income tax | 0 | 0 | NaN |
| stock based compensation | 516856 | 516856 | 0.00 |
| accounts receivables | -178900 | -178900 | 0.00 |
| accounts payables | 0 | 0 | NaN |
| inventory | -19418 | -19418 | 0.00 |
| acquisitions net | 0 | 0 | NaN |
| investments in property plant and equipment | -132525 | -132525 | 0.00 |
| net cash used for investing activites | -448778 | -448778 | 0.00 |
| debt repayment | 0 | 0 | NaN |
| common stock issued | 0 | 0 | NaN |
| common stock repurchased | 0 | 0 | NaN |
| dividends paid | 0 | 0 | NaN |
| net cash used provided by financing activities | 870573 | 870573 | 0.00 |
| net change in cash | 0 | -90798 | 100.00 |
| cash at end of period | 4749073 | -90798 | 5330.37 |
| cash at beginning of period | 4930666 | 0 | NaN |
Net Change in Cash: Net Change in Cash increased to 0 million in 2024Q4 from 0 million in 2024Q3 representing a change of 100.0%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.
EPS represents the portion of a company's profit allocated to each outstanding share of common stock. A higher EPS is generally favorable, indicating stronger profitability on a per-share basis.
Positive EPS: A positive EPS signifies that a company is profitable, it is generally viewed positively, supporting stock value and investor confidence.
Negative EPS: Indicates that a company is operating at a loss, which could lead to negative sentiment, potential stock depreciation, and concerns about the company's financial health.
The Next Earning Date represents when the company plans to release its next set of financial results.
An upward trend in EPS suggests consistent growth in earnings, often leading to increased investor confidence. A downward trend may indicate a decline in earnings, potentially decreasing investor confidence and stock value. Fluctuating EPS suggests unpredictable financial performance, warranting cautious investor analysis.
Earnings surprise occurs when a company's actual earnings differ from analysts' expectations. A positive earnings surprise typically reflects better-than-expected performance, potentially leading to stock appreciation. Conversely, a negative earnings surprise can result in stock depreciation. An earnings surprise of zero means the earnings met expectations, which typically has a neutral impact on stock price.
Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.
| 2024-06-30 | 2023-06-30 | Y/Y change % | |
|---|---|---|---|
| FY | |||
| calendar year | 2024 | 2023 | NaN |
| revenue per share | 0.01 | 0.0 | 18.65 |
| net income per share | -0.01 | -0.01 | -44.34 |
| operating cash flow per share | -0.01 | -0.01 | 31.05 |
| free cash flow per share | -0.01 | -0.01 | 4.58 |
| cash per share | 0.0 | 0.01 | -63.23 |
| book value per share | 0.0 | 0.01 | -81.21 |
| tangible book value per share | -0.0 | 0.01 | -128.70 |
| shareholders equity per share | 0.0 | 0.02 | -77.79 |
| interest debt per share | 0.0 | 0.0 | 229.21 |
| market cap | 21998274.68 | 39132786.66 | -43.79 |
| enterprise value | 21454471.68 | 31370920.66 | -31.61 |
| pe ratio | -2.04 | -5.41 | 62.21 |
| price to sales ratio | 3.28 | 7.13 | -54.03 |
| pocfratio | -3.59 | -4.54 | 20.89 |
| pfcf ratio | -2.17 | -3.8 | 42.84 |
| pb ratio | 5.29 | 2.15 | 145.58 |
| ptb ratio | 5.29 | 2.15 | 145.58 |
| ev to sales | 3.2 | 5.71 | -44.07 |
| enterprise value over ebitda | -2.31 | -7.6 | 69.55 |
| ev to operating cash flow | -3.51 | -3.64 | 3.75 |
| ev to free cash flow | -2.12 | -3.05 | 30.46 |
| earnings yield | -0.49 | -0.18 | -164.62 |
| free cash flow yield | -0.46 | -0.26 | -74.94 |
| debt to equity | 1.01 | 0.07 | 1329.05 |
| debt to assets | 0.23 | 0.05 | 344.08 |
| net debt to ebitda | 0.06 | 1.88 | -96.88 |
| current ratio | 0.55 | 2.45 | -77.63 |
| interest coverage | -65.76 | -707.66 | 90.71 |
| income quality | 0.57 | 1.19 | -52.23 |
| dividend yield | 0 | 0 | NaN |
| payout ratio | 0 | 0 | NaN |
| sales general and administrative to revenue | 1.58 | 0.34 | 366.91 |
| research and ddevelopement to revenue | 0 | 0.28 | -100.00 |
| intangibles to total assets | 0.39 | 0.18 | 112.67 |
| capex to operating cash flow | -0.65 | -0.19 | -235.57 |
| capex to revenue | 0.6 | 0.31 | 95.00 |
| capex to depreciation | 3.14 | 0.51 | 510.32 |
| stock based compensation to revenue | 0.15 | 0.07 | 108.98 |
| graham number | 0.03 | 0.05 | -43.38 |
| roic | -1.86 | -0.64 | -189.38 |
| return on tangible assets | -0.95 | -0.35 | -169.44 |
| graham net net | -0.01 | 0.01 | -185.61 |
| working capital | -6654497 | 10261445 | -164.85 |
| tangible asset value | -3785675 | 12799970 | -129.58 |
| net current asset value | -7069422 | 9633373 | -173.38 |
| invested capital | 3777082 | 17846775 | -78.84 |
| average receivables | 1072241 | 764479.5 | 40.26 |
| average payables | 1003648.5 | 953100.5 | 5.30 |
| average inventory | 753164 | 783347.5 | -3.85 |
| days sales outstanding | 65.95 | 61.95 | 6.46 |
| days payables outstanding | 84.09 | 23.28 | 261.26 |
| days of inventory on hand | 62.74 | 17.58 | 256.99 |
| receivables turnover | 5.53 | 5.89 | -6.07 |
| payables turnover | 4.34 | 15.68 | -72.32 |
| inventory turnover | 5.82 | 20.77 | -71.99 |
| roe | -2.59 | -0.4 | -549.85 |
| capex per share | 0.0 | 0.0 | 131.37 |
ROE: Return on Equity (ROE) decreased to -2.59 on 2024-06-30 from -0.40 on 2023-06-30, representing a change of -549.85%. Suggesting that the company has not been generating high returns for its shareholders.
Current Ratio: Current Ratio decreased to 0.55 on 2024-06-30 from 2.45 on 2023-06-30, representing a change of -77.63%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.
PE Ratio: Price-to-Earnings (P/E) Ratio increased to -2.04 on 2024-06-30 from -5.41 on 2023-06-30, representing a change of 62.21%. Indicating an increase in the relative valuation of the company's stock.
Debt-to-Equity Ratio:
| 2024-06-30 Q4 | 2023-12-31 Q2 | Q/Q change % | |
|---|---|---|---|
| LMMFF | |||
| calendar year | 2024 | 2024 | NaN |
| revenue per share | 0.0 | 0.0 | 59.68 |
| net income per share | -0.01 | -0.0 | -37.08 |
| operating cash flow per share | -0.0 | -0.0 | 79.46 |
| free cash flow per share | -0.0 | -0.01 | 79.22 |
| cash per share | 0.0 | 0.01 | -16.34 |
| book value per share | 0.0 | 0.01 | -66.51 |
| tangible book value per share | -0.0 | 0.0 | -170.45 |
| shareholders equity per share | 0.0 | 0.01 | -61.65 |
| interest debt per share | 0.0 | 0.0 | 93.44 |
| market cap | 22001250.1 | 36665760 | -40.00 |
| enterprise value | 21457447.1 | 33951998 | -36.80 |
| pe ratio | -0.88 | -2.02 | 56.23 |
| price to sales ratio | 5.33 | 14.19 | -62.43 |
| pocfratio | -21.09 | -7.22 | -192.11 |
| pfcf ratio | -16.82 | -5.83 | -188.68 |
| pb ratio | 5.29 | 3.38 | 56.47 |
| ptb ratio | 5.29 | 3.38 | 56.47 |
| ev to sales | 5.2 | 13.14 | -60.42 |
| enterprise value over ebitda | -2.43 | -9.02 | 73.01 |
| ev to operating cash flow | -20.57 | -6.69 | -207.66 |
| ev to free cash flow | -16.4 | -5.4 | -204.05 |
| earnings yield | -0.28 | -0.12 | -128.46 |
| free cash flow yield | -0.06 | -0.17 | 65.36 |
| debt to equity | 1.01 | 0.2 | 394.65 |
| debt to assets | 0.23 | 0.12 | 92.87 |
| net debt to ebitda | 0.06 | 0.72 | -91.44 |
| current ratio | 0.55 | 1.3 | -57.86 |
| interest coverage | -47.8 | -150.25 | 68.19 |
| income quality | 0.17 | 1.12 | -85.02 |
| dividend yield | 0 | 0 | NaN |
| payout ratio | 0 | 0 | NaN |
| sales general and administrative to revenue | 0.21 | 0.43 | -50.05 |
| research and ddevelopement to revenue | 0.06 | 0.12 | -50.24 |
| intangibles to total assets | 0.39 | 0.25 | 55.77 |
| capex to operating cash flow | -0.25 | -0.24 | -6.14 |
| capex to revenue | 0.06 | 0.47 | -86.35 |
| capex to depreciation | 0.49 | 1.66 | -70.36 |
| stock based compensation to revenue | 0.25 | 0 | NaN |
| graham number | 0.02 | 0.03 | -27.50 |
| roic | -1.07 | -0.55 | -94.89 |
| return on tangible assets | -0.55 | -0.32 | -70.87 |
| graham net net | -0.01 | 0.0 | -1410.95 |
| working capital | -6654497 | 2418303 | -375.17 |
| tangible asset value | -3785675 | 5372915 | -170.46 |
| net current asset value | -7069422 | 1765854 | -500.34 |
| invested capital | 3777082 | 10691017 | -64.67 |
| average receivables | None | None | NaN |
| average payables | None | None | NaN |
| average inventory | None | None | NaN |
| days sales outstanding | 26.44 | 87.75 | -69.87 |
| days payables outstanding | 43.67 | 33.38 | 30.82 |
| days of inventory on hand | 32.58 | 9.37 | 247.85 |
| receivables turnover | 3.4 | 1.03 | 231.84 |
| payables turnover | 2.06 | 2.7 | -23.56 |
| inventory turnover | 2.76 | 9.61 | -71.25 |
| roe | -1.5 | -0.42 | -257.48 |
| capex per share | 0.0 | 0.0 | -78.20 |
ROE: Return on Equity (ROE) decreased to -1.50 on 2024-06-30 Q4 from -0.42 on 2023-12-31 Q2, representing a change of -257.48%. Suggesting that the company has not been generating high returns for its shareholders.
Current Ratio: Current Ratio decreased to 0.55 on 2024-06-30 Q4 from 1.30 on 2023-12-31 Q2, representing a change of -57.86%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.
PE Ratio: Price-to-Earnings (P/E) Ratio increased to -0.88 on 2024-06-30 Q4 from -2.02 on 2023-12-31 Q2, representing a change of 56.23%. Indicating an increase in the relative valuation of the company's stock.
Debt-to-Equity Ratio:
None
| Market Capitalization | Enterprise Value | |
|---|---|---|
| Definition | The total market value of a company's outstanding shares | The total market value of a company, including its debt and other liabilities |
| Calculation | Current share price * Total number of outstanding shares | Market capitalization + Total debt - Cash and cash equivalents |
| Focus | Equity component of a company's value | Total economic value of a company |
| Usefulness | Assesses a company's size and growth potential based on investor sentiment | Provides a more comprehensive valuation that considers both equity and debt |
Analyzing dividends is a crucial aspect of investment evaluation, offering valuable insights into a company's financial health and its commitment to shareholder returns. Dividends represent a portion of a company's profits distributed to its shareholders, providing a steady income stream. We help you analyze dividends based on the indicators mentioned below:
• Investors often assess the average dividend amount, observing trends over time to gauge the company's stability and growth potential. A positive trend in average dividends indicates a consistent and potentially lucrative investment. Additionally, evaluating the trend of dividend increases provides insight into the company's financial strength and management's confidence in future earnings.
• Consistency in paying dividends is a reassuring sign, reflecting a company's reliability and commitment to shareholder value. For investors, dividends not only offer income but also contribute to the overall total return on investment.
• Companies with a history of regular and increasing dividends can attract income-focused investors seeking stable returns, making dividends a critical factor in building a well-rounded investment portfolio.
Interested in the overall sentiment for a particular period? Check out our news sentiment analysis tool.
Sentiment: Positive
Publish Date: 2024-12-12 09:13:00
Livium Ltd (ASX:LIT, OTC:LMMFF) has strengthened its leadership position in Australia’s recycling industry after wholly-owned subsidiary Envirostream Australia Pty Ltd signed an exclusive recycling agreement with Wabtec Corporation to recycle lithium-based and nickel-based batteries. This agreement with Industrea Mining Equipment Pty Ltd, a wholly-owned subsidiary of Wabtec, will see Envirostream exclusively recycle lithium-based and nickel-based batteries used in Wabtec’s FLXdrive Battery Locomotives that will operate in the Pilbara, Western Australia. The agreement, which begins on January 1, 2025, for an initial term of three years and an optional term of one year, diversifies Livium’s end-of-life battery sources, complementing other recently executed battery recycling agreements. "We are excited to announce this agreement with Wabtec Corporation, a market leader in the rail and mining sectors globally," Livium CEO and managing director Simon Linge said. "This represents a significant milestone for Livium as it secures exclusive access to batteries from the locomotive industry, which diversifies our battery supply. "We look forward to delivering value for our stakeholders and building on this momentum to win additional recycling contracts in the near to medium term." Livium shares are 12.5% higher on the ASX at $0.018. The agreement aligns with Livium’s focus to secure exclusive battery recycling contracts and diversify its end-of-life battery sources. It also ensures a stable and scalable source of batteries from the locomotive sector. Livium is focused on leveraging this agreement to drive further growth and win additional contracts, reinforcing its leadership position in Australia’s recycling industry. Wabtec regional senior vice president, ANZ & SEA, Peter Thomas said: "As Wabtec introduces new products, such as the FLXdrive™ battery locomotive, we continually evaluate our component life cycles and leverage additional recycling opportunities to reduce landfill use and conserve natural resources globally. “Livium’s expertise and track record supports Wabtec’s effort to drive responsible operations of our products and enables us to properly handle the afterlife batteries.” The agreement, whilst exclusive, has no minimum volumes and, as a result, Livium is not in a position to quantify the economic impact of the agreement at this stage. Volumes are predicted to increase over the term of the agreement as more FLXdrive Battery Locomotives are introduced into the fleet. Following extensive in-country consultation with community and Mines Ministry representatives, Evion Group NL (ASX:EVG, OTC:EVIGF) has received support for and a formal endorsement of its Maniry Graphite Project in Madagascar, clearing the path to formal permitting. Meetings included local landholders as well as government officials responsible for development in the Maniry region, culminating in a signed agreement from the local community outlining their strong support, with a further meeting scheduled to conclude formal agreements. Madagascar's Mines Minister has formally endorsed the conversion of EVG’s exploration licences to exploitation licences that will permit the development of the Maniry Project and mining of graphite. The local government has advised Evion that the formal conversion of these licences is a short-term priority – once the conversion is complete, all project tenements will have been approved for mine development. "Confirming community support for the development of our Maniry Project and the conversion of our remaining exploration licenses to mine licences are two of the most significant achievements for Evion and its team in Madagascar to date,” Evion Group managing director David Round said. “We have had extensive and very positive support from the Mines Minister over the last few months, and his authorisation of our applications for mine development licences paves the way for development work on the ground to start. “Additionally, our in-country team has worked tirelessly with the local community in planning a mutually beneficial pathway for the development of Maniry. “Having now reached agreement on this we can look forward to formalise this agreement with the endorsement of government officials at scheduled meetings over the next month.” Round has been invited to meet with the Madagascan Mines Minister alongside the President and a special advisory team from France on January 17, 2025. EVG says its Maniry Graphite Project has been identified as a critically important project in Madagascar, and the company welcomes the opportunity to attend stakeholder meetings to formalise an agreement to fast-track development The company is optimistic its development pathway will include funding from the European Union, as initial feedback for an application made in September indicated Evion meets requirements with further feedback to be provided within the next few months.
* The sentiment analysis presented is generated through an algorithm and may be subject to inaccuracies. Users are advised to corroborate key information and employ further analytical methods prior to making critical decisions.
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