Australia's Li-S Energy secures $5.1 million grant, shares jump

Li-S Energy

18/11/2025 04:17

** Shares of Australia's Li-S Energy LIS.AX rise as much as 8.5% to A$0.160, their biggest intraday gain since October 28

** Lithium-sulphur battery developer secures A$7.8 million ($5.05 million) grant under the Australian Renewable Energy Agency’s (ARENA) Advancing Renewables Program

** Li-S Energy says the grant will support a manufacturing optimisation program, a feasibility study and front-end engineering design (FEED) for a staged development of a lithium-sulfur battery cell manufacturing facility targeting up to 1 GWh per year of production

** Around 821,000 shares change hands, nearly 1.8x 30-day average

** LIS, YTD up 14.8%

($1 = 1.5442 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))