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Lithium Universe’s (ASX: LU7) Canadian critical minerals strategy has been boosted by positive results from a pre-feasibility study (PFS) into its Bécancour lithium carbonate refinery proposal that found the refinery can provide robust returns over an estimated payback period of just 3.5 years.

The newly completed study estimated a pre-tax net present value of around A$1.5 billion (US$779 million) using an 8% discount rate and a pre-tax internal rate of return of 23.5%.

Lithium Universe buoyed by robust Bécancour refinery PFS results (SmallCaps)