Lithium Universe has finalised an option agreement for industrial land in Quebec, Canada, situated in the Becancour Waterfront Industrial Park.

The location is designated for the development of up to three lithium carbonate refineries, with a total potential output of 48,000 tonnes per year.

The move aims to address the growing demand for electric vehicle batteries on the East Coast of North America and reduce reliance on foreign lithium converters, primarily in China.

Pending regulatory approvals and project finance, the acquisition will enable Lithium Universe to contribute to establishing a robust North American lithium supply chain.