Proactive's Tylah Tully breaks down 'Just the Facts' of the latest news from Lithium Universe Ltd (ASX:LU7, OTC:LUVSF).

The company is on schedule to release the definitive feasibility study (DFS) for its Bécancour Lithium Refinery in Quebec, Canada, next quarter.

The project has progressed smoothly and cost-effectively, with 80% of supplier pricing finalised and procurement strategies nearing completion.

The capital cost estimate is expected to have an accuracy of ±20%. The DFS follows the completion of the preliminary feasibility study (PFS) in September 2024, conducted in collaboration with Hatch Ltd.

John Loxton, head of Refinery at Lithium Universe, oversees the project. He brings experience from previous lithium processing projects, including the Jiangsu Lithium Carbonate Plant in China and Tianqi Lithium's hydroxide plant in Western Australia.

Loxton highlighted the streamlined process, which leverages data from a reference plant, ensuring cost-efficiency and reducing the risk of overruns.

The DFS will mark a critical milestone as the company progresses towards developing the Bécancour Lithium Refinery, with a focus on lithium carbonate production.