Lithium Products Maker Livent Takes Minority Stake In Parent Company Of ILiAD Technologies
Portfolio Pulse from Shivani Kumaresan
Livent Corp (NYSE:LTHM) has acquired a minority stake in the parent company of ILiAD Technologies, a subsidiary of EnergySource Minerals. ILiAD Technologies specializes in direct lithium extraction technology. Livent will have rights to license ILiAD's technology for use in Argentina, with commercial utilization expected by 2025. Livent's stock (LTHM) is up 1.74% in premarket trading.
December 15, 2023 | 11:18 am
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Livent Corp's minority stake acquisition in ILiAD Technologies' parent company signals strategic investment in sustainable lithium extraction technology, with plans for deployment in Argentina by 2025.
The acquisition of a minority stake in ILiAD Technologies' parent company by Livent Corp is a strategic move that aligns with Livent's focus on sustainable and efficient lithium production. The access to ILiAD's direct lithium extraction technology could enhance Livent's operational capabilities in Argentina and is likely to be viewed positively by investors, as reflected by the premarket stock price increase. The impact is significant due to the potential for long-term benefits from the technology and the immediate positive reaction in stock price.
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