Lithium Australia, Lepidico reach settlement

ASX-listed Lithium Australia and takeover target Lepidico have settled litigation for the right to exploit a lithium extraction process called SiLeach. Lithium Australia last year launched legal proceedings against a subsidiary of Lepidico in the Supreme Court of Western Australia, resulting in Lepidico filing a counter claim alleging that Lithium Australia had developed the process without authorisation, and had exploited Lepidico’s intellectual property of its L-Max technology.