LITHIUM UNIVERSE LIMITED(LU7)

The suspension of trading in the securities of Lithium Universe Limited will be lifted immediately, following the release by LU7 of an announcement regarding the finalisation of a capital raising.

The company has received binding commitments to raise $2.14 million through a placement of 171,320,000 fully paid shares at an issue price of $0.0125 per share. The funds will be used to complete the Bécancour Lithium Refinery DFS and maintain momentum towards establishing a lithium refinery in Bécancour. The placement will be undertaken in two tranches: Tranche 1 issuing 155,320,000 shares, raising $1,941,500, and Tranche 2 issuing 16,000,000 shares, raising $200,000, to be approved at a shareholders meeting on December 9, 2024.

The securities of Lithium Universe Limited will be suspended from quotation before the commencement of trading on Tuesday, 29 October 2024 under Listing Rule 17.2, at the request of LU7, pending the release of an announcement regarding the finalisation of a capital raising.

The suspension of trading in the securities of Lithium Universe Limited is expected to be lifted from the commencement of trading today, Monday, 30 September 2024, following the release by LU7 of an announcement regarding a preliminary feasibility study.

Positive, robust Bécancour Refinery PFS even in low pricing environment. LU7 has a counter cyclical strategy "“ develop project, ready for price recovery. Closing the Lithium Conversion Gap "“ growth in resource and end market projects. Economically viable with excellent pre-tax NPV8% of approximately US$779M. IRR (pre-tax) of approximately 23.5% and payback of 3.5 years based on; Price forecast of US$1,170/t SC6 and US$20,970/t for battery grade Li2CO3. Current spot price is approx. US$775/t SC6 and US$10,680/t for battery grade LC. Operating costs at around US$3,976/tonne; capital cost estimate of US$494 million. Expected annual revenue of approx US$383 million and EBITDA of around US$147 million. Project break even at around US$780 /t (SC6) and around US$14,000 per tonne LC. LU7 offers a solution to worldwide lithium conversion failures and startup problems. Using proven Jiangsu Refinery operating technology and lithium industry experience. Producing up to 18,270 tonnes/year of green battery-grade lithium carbonate. Smaller off-the-shelf style plant rather than large difficult-to-operate facilities. Initial focus on lithium carbonate production "“ feed for LFP batteries. Assumptions based on real operating data and experience "“ not new aspirant. Québec ideal trans-Atlantic lithium conversion centre, comparable to China. Feedstock from Canada, Brazil and Africa "“ end market North America. Critical cost benefits "“ cheap green power, transport mine/end market savings, US/Canada tariffs. 95% GHG emission reduction with Hydro Québec's green energy. Offtake discussions with interested OEMs underway. LU7 continues to progress full Definitive Feasibility Study.

The securities of Lithium Universe Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of LU7, pending the release of an announcement regarding the Company's Bécancour Lithium Carbonate Refinery Preliminary Feasability Study.

The suspension of trading in the securities of Lithium Universe Limited will be lifted immediately, following the release by LU7 of an announcement regarding the finalisation of a capital raising.

The company releases a notice of proposed issue of securities.

Binding subscription agreements for $3,644,333.34. Further development of the Québec Lithium Processing Hub (QLPH) strategy. Capital raising in two tranches: Tranche 1 "“ 95,016,667 shares at $0.02 per share raising $1,900,333.34; Tranche 2 "“ 87,200,000 shares also at $0.02 per share to raise a further $1,744,000.00. 1:2 free attaching listed option and a $0.03 exercise price and expiry in 18 months. Company intends to list Options. Company to grant 1:2 Option to those who participated in the recent Share Purchase Plan.

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

The securities of Lithium Universe Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of LU7, pending the release of an announcement regarding the finalisation of a capital raising.

The suspension of trading in the securities of Lithium Universe Limited will be lifted from the commencement of trading on Monday, 14 August 2023 following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules.

The company releases the following: Appendix 1A, Information Form and Checklist, Information Form and Checklist Annexure 1 (Mining Entities), Prospectus, Constitution, Employee Securities Incentive Plan, Corporate Governance Statement, Trading Policy, Distribution Schedule, Top 20 Holders, Pre-reinstatement Disclosures.

It is anticipated that the securities of Lithium Universe Limited will be reinstated to quotation at 10:04:30 am (+/- 15 seconds) AEST on Monday, 14 August 2023. LU7 raised $4,500,000 pursuant to the offer under its prospectus dated 21 June 2023 by the issue of 225,000,000 shares at an issue price of $0.02 per share.

The company releases a letter to its shareholders.

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