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.