Lithium Universe finalises deal to revolutionise | Australian Markets

Lithium Universe has secured the unique rights to a patented microwave technology for recycling silver and significant metals from photo voltaic photovoltaic panels by finishing its acquisition of licensee New Age Minerals.

The acquisition offers Lithium Universe entry to Macquarie University’s microwave joule heating technology, which effectively recovers silver and different important minerals from discarded photovoltaic panels.

New Age Minerals has an unique licensing settlement with the Sydney-based college for the technology.

The buy-out positions Lithium Universe to faucet into a growing $154 billion silver restoration market, amid growing demand for the comparatively uncommon and costly steel.

Each photo voltaic panel accommodates about 20 grams of silver on average, valued at $36 at present costs following a 126 per cent surge in costs since 2018. The silver is used to make a conductive paste for electrical contacts within the panels.

Global demand for silver is projected to hit 680 million ounces in 2025, pushed by photovoltaics and artificial intelligence systems, prompting an anticipated market deficit of 117.6 million ounces of silver.

Macquarie’s platform makes use of microwave technology to selectively heat silicon, softening the plastic encapsulant in photo voltaic panels for simple delamination at room temperature.

This methodology avoids excessive temperatures – up to 1400°C – and dangerous chemical substances required in conventional recycling. Traditional recycling additionally usually requires mechanical crushing, main to cross-contamination and decrease restoration charges.

The new technology enhances the extraction of beneficial metals resembling silver, silicon, gallium and indium from discarded PV panels.

We are happy to have accomplished this important milestone, which now permits us to start working more carefully with the Macquarie University workforce. This subsequent part will give attention to developing a sturdy analysis program to improve the microwave joule heating technology and unlock its full industrial potential.

The International Energy Agency estimates there shall be 60–78 million tonnes of photo voltaic waste globally by 2050, with about 1 million tonnes anticipated to have been created in Australia by 2035. It can be valued at more than $1 billion.

Currently, solely 15 per cent of photo voltaic PV panels are recycled due to the advanced processes required and most finish up in landfills.

Lithium Universe is collaborating with Macquarie University to advance its microwave joule heating technology analysis and development, specializing in optimising silver and significant steel restoration.

The company’s board, comprising chemical extraction specialists, is evaluating high-yield restoration strategies for end-of-life modules. The acquisition, accomplished after legal due diligence and licensing settlement amendments, strengthens Lithium Universe’s place within the sustainable power sector.

Lithium Universe’s strategic acquisition and cutting-edge technology signal a vivid future for sustainable photo voltaic panel recycling, poising the company to help meet rising world demand for important metals whereas decreasing environmental waste.

Is your ASX-listed company doing one thing fascinating? Contact: [email protected]