Lithium to settle with Lepidico

Company News

by Carolyn Herbert

Lithium Australia NL (ASX:LIT) has advised that it has settled litigation with Lepidico Ltd (ASX:LPD) subsidiary Li-Technology by mutual agreement.

Lithium Australia says as a result, the three L-max license agreements it has with Li-Technology remain valid and enforceable.

It also advises that Lepidico has agreed that the 100 per cent LIT owned Sileach process is not an improvement, enhancement or modification of the L-max process.

All commercial details of the agreement are to remain confidential.

Lithium Australia reported a net loss of $1.77 million at 30 June 2016.

Carolyn Herbert

Finance News Network
Carolyn joined FNN in August 2015 as the Head of News and also presented the Market at Midday and the Market Wrap. With more than five years of broadcast journalism experience, Carolyn has worked as a finance anchor on the Sky News Business channel and as an anchor and reporter for ABC News. She is also a qualified corporate lawyer specialising in IPOs, takeovers and mergers and acquisitions.