Livium (ASX:LIT) has entered advanced discussions with Sell & Parker to finalise a new recycling contract worth more than $1 million.
The deal, expected to commence in late April, would see Livium's wholly owned subsidiary, Envirostream Australia, provide recycling services for project-related materials under a subcontracting arrangement.
The anticipated revenue represents approximately 15% of Livium's total FY24 recycling revenue.
Sell & Parker, a leading national metal recycling firm employing over 400 staff across eight facilities, aims to engage Envirostream to handle materials containing embedded batteries at its Victorian operations.
The agreement is projected to boost Livium's collection volumes through the remainder of FY25 and into the first half of FY26, with potential for extension.
While negotiations are ongoing and subject to final approvals, the proposed agreement aligns with Livium's strategy to secure exclusive contracts and diversify its battery recycling sources.
At the time of reporting, Livium's share price was $0.0080.