Lithium Australia NL has completed its acquisition of advanced cathode material production technology by successfully acquiring 99.7% of the equity in technology company VSPC. Located in Brisbane, Australia, VSPC has spent 14 years and approximately A$30 million developing some of the world’s most advanced manufacturing techniques for the production of cathode materials. These materials are critical components of lithium-ion batteries, the burgeoning consumption of which is driven by rapidly increasing demand for EVs and consumer electronics. The advanced battery materials being developed by VSPC are also applicable to green energy solutions, including as back-up for sources of renewable energy.
The VSPC takeover was completed in February 2018. Since then, time-critical service agreements have been negotiated, recruitment of technical and operating staff has commenced and service agreements have been arranged with universities to support the technical demands of the project.
The VSPC facility, a 2 to 4 tonnes-per-annum pilot plant, incorporates an integrated laboratory, coin-cell production facility and battery-testing equipment. Plant inspections and servicing are underway, as is evaluation of equipment upgrades, to prepare for resumption of production in July 2018.
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