![Envirostream's battery pulveriser](https://www.australianmanufacturing.com.au/wp-content/uploads/2020/02/pix-Envirostreams-battery-pulveriser-696x464.jpg)
Media Release
Lithium Australia NL (‘the Company’) has now increased its stake in Envirostream to a 90% ownership interest. For further information in relation to this transaction, refer to the Company’s ASX release dated 6 December 2019.
Comment from Lithium Australia managing director Adrian Griffin, “Envirostream offers a complete recycling solution for spent lithium-ion batteries, and in so doing is helping to safeguard the Australian environment by diverting toxic materials from landfill. With recycling yields exceeding 90% by weight, our business is a major contributor to the sustainability of the battery industry.”