Lithium Australia's recycling subsidiary, Envirostream Australia, achieved its first-ever positive operating cash profit in the fourth quarter of FY24.

The achievement was supported by exclusive agreements with major clients like LG Energy Solution, Volvo, and Hyundai Glovis.

Envirostream recorded an operating cash profit of $520,000 during the quarter, compared to an operating cash loss of $490,000 in the prior quarter.

The company collected 445 tonnes, generating $2.5 million in revenue and $1.6 million in gross profit.