Australia's Lithium Universe rises on securing feedstock for Canada refinery

Lithium Universe

04/02/2026 01:03

** Shares of Lithium Universe LU7.AX rise as much as 13% to A$0.013, their highest level since January 27

** The lithium producer signs a 10-year offtake agreement for supply of 80,000 tons per annum of spodumene concentrate

** Deal secures feedstock requirements for its planned Bécancour Lithium Refinery in Canada

** About 7.2 million shares change hands, 3x the 30-day average of 2.4 million

** Stock up 4.3%, YTD

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))