19 February 2026
PLS and Calix Limited (Calix) have agreed to a revised structure for the Mid-Stream Demonstration Plant Project whereby PLS will acquire Calix’s interest and take full ownership, funding and operational responsibility for the Project.
The strategic rationale for the Project remains unchanged, with both PLS and Calix committed to the long-term commercialisation of the technology for the global primary lithium market.
PLS Managing Director and CEO, Dale Henderson, said:
“The acquisition of Calix’s interest of the Demonstration Plant joint venture reflects a sensible evolution of the project to enable operational flexibility while preserving our original joint strategic intent.
We remain positive on the long-term potential of the midstream concept and its role in onshoring value-added processing of lithium materials.”
ASX announcement