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Lithium Universe Limited (ASX:LU7)

ALERT: Price-sensitive ASX Announcement for LU7
Current share price for LU7 : $0.006 -0.003 (-29.41%)+
Announcement
Release
27 May 2026 9:11AM
Price at Release
$0.009
Full Release
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Summary
Lithium Universe Limited (ASX: LU7) has secured an exclusive global license for a groundbreaking gold and copper extraction technology developed by the University of Edinburgh. The Gold Copper Diamide Extraction (GCDE) process uses recyclable organic compounds to selectively recover gold and copper from e-waste at room temperature, offering an environmentally friendly alternative to traditional smelting methods. As e-waste generation is expected to reach 93.5 million tonnes by 2030, this technology provides a significant opportunity for sustainable metal recovery. The agreement includes a 20-year license term with royalties payable to the University of Edinburgh.
Key Points
  • Lithium Universe Limited (ASX: LU7) acquired global rights to a breakthrough gold and copper extraction technology.
  • The technology, developed by the University of Edinburgh, uses a hydrometallurgical process to extract gold and copper from e-waste.
  • The Gold Copper Diamide Extraction (GCDE) process selectively extracts metals using simple, recyclable organic compounds.
  • The process is environmentally friendly, operating at room temperature without toxic reagents.
  • E-waste generation is projected to reach 93.5 million tonnes by 2030, with significant potential for metal recovery.
  • The gold and copper extraction process complements LU7's existing silver extraction technology.
  • Lithium Universe secured an exclusive global license agreement with the University of Edinburgh with a 20-year term.
  • The company will pay royalties to the University based on revenue generated from the technology.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.