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Lawsuit filed against Chiefs by former employee: What we know

Sport 3 Mins Read

A former Kansas City Chiefs front office member is suing the franchise for tortious interference, race discrimination and retaliation.

Former NFL cornerback Ramzee Robinson worked for the Chiefs for the past nine years, most recently as the director of player engagement, according to a copy of the lawsuit obtained by USA TODAY.

In the lawsuit filed with the District Court for the Western District of Missouri, Robinson alleges that six days after working Super Bowl 59, he was called to his manager’s office and told that he had engaged in ‘conduct detrimental to the league.’ Robinson states this alleged conduct was attacking one of his direct reports. He alleges that his manager stated it was recorded on security cameras but refused to show him the video.

The lawsuit states the Chiefs terminated his employment on Feb. 15, 2025, and replaced him with the direct report he allegedly attacked.

The franchise has declined to comment on the lawsuit.

“We can’t comment because it’s an active legal matter,” Brad Gee, Chiefs vice president of football communications, told Pro Football Talk via text message. “But to be clear, the Chiefs do not tolerate discrimination of any kind. We look forward to the facts of this case coming to light.”

What you need to know about the lawsuit:

Chiefs lawsuit explainer

Robinson says the Chiefs used him as a ‘liaison to the players,’ meaning he was on-call for players ‘when they got in trouble, had family emergencies (death, injury, etc.), needed help with community engagement, or relocation,’ per the lawsuit.

The suit states he was involved in crisis management, locker room management, peer-to-peer relationships and player-to-coach mentorships. It also alleges that Robinson was on-site in New Orleans in February 2025 for the Chiefs’ game against the Philadelphia Eagles in Super Bowl 59, serving in a variety of roles.

Six days later, he was terminated from his position.

Robinson alleges that the Chiefs pay different salaries to employees based on race. His example was a former Black female employee who resigned after the franchise refused to give her a pay increase. Her replacement, a white female employee, allegedly received a 60% higher salary.

Robinson also alleges that he was declined the opportunity to interview for a similar position with the Houston Texans months before his termination. That interview request came after Chiefs president Mark Donovan allegedly ‘pressured (Robinson) to renew his contract and claimed that the contract would offer him stability.’ That event is part of the reasoning for the retaliation count.

The tortious interference stems from the Chiefs not allowing Robinson to interview with the Texans.

Who is Ramzee Robinson?

Robinson was the final selection of the 2007 NFL Draft (No. 255 overall) to the Detroit Lions. He spent two seasons with the Lions and played in 19 total games. He split the 2009 season between the Eagles (three games) and Cleveland Browns (four games).

He was an offseason member of the Washington Commanders in 2010 before being cut during final roster cuts. After two seasons out of football, he tried a comeback with the Denver Broncos but was a final roster cut again in the 2012 offseason.

In 26 total games played, Robinson tallied 37 tackles, one pass defensed and one fumble recovery.

This post appeared first on USA TODAY

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Sport

Top 25 NBA free agents for 2025: Who are best players available?

Sport 12 Mins Read

Don’t be fooled by the action of the NBA Finals and the 2025 NBA draft looming at the end of June. Free agency is just around the corner.

Starting with the day after the last game of the NBA Finals, teams can enter negotiations with prospective free agents who have just completed seasons on their own rosters.

Then, on Monday, June 30, at 6 p.m. ET, teams may begin negotiating with free agents who finished seasons on other teams.

Some players are unrestricted free agents, which means they are able to sign with any team that offers a deal; restricted free agents can sign a contract with another team but the team he last played for has the right to match the offer and retain the player.

Some players have player options, meaning they can opt out of the final season of their contract and become a free agent or they can opt in and play out the final year of the deal. Similarly, some contracts have a team option on the final season of the contract, meaning the team can decide whether it brings the player back or allows him to enter free agency.

It all sets up what should be a busy couple of weeks.

Here are the top 25 NBA free agents in 2025:

Top 2025 NBA free agents

1. LeBron James, Los Angeles Lakers forward

2024-25 stats: 24.4 ppg, 8.2 apg, 7.8 rpg, 51.3% FG, 37.6% 3PT, 78.2% FT

James hit free agency last summer and signed a two-year, $101.3 million contract with a player option at $52.6 million for 2025-26. It’s likely James will become a free agent again and try to maximize his earnings (with the Lakers most likely) while including a no-trade clause in his contract. At every chance, James has indicated he is happy playing for the Lakers and living in the L.A. area. Plus, his son, Bronny, is under contract with the franchise. At 40 years old, James still produced at an All-NBA level.

2. James Harden, Los Angeles Clippers guard

2024-25 stats: 22.8 ppg, 8.7 apg, 5.8 rpg, 41% FG, 35.2% 3PT, 87.4% FT

Harden has a player option for 2025-26 at $36.3 million for the season. He can play out the final year of the contract or become a free agent in the summer. He still logged significant minutes (35.3 per game) and continued to produce. A strong run during the postseason reaffirmed his status as a capable scorer.

3. Julius Randle, Minnesota Timberwolves forward

2024-25 stats: 18.7 ppg, 7.1 rpg, 4.7 apg, 48.5% FG, 34.4% 3PT, 80.6% FT

Randle is another player with an option for 2025-26. He can either finish the contract at $30.9 million for next season or become a free agent in the summer. What to watch here: Is the likely new ownership group led by Alex Rodriguez and Marc Lore ready to spend what it takes to keep the core roster intact?

4. Kyrie Irving, Dallas Mavericks guard

2024-25 stats: 24.7 ppg, 4.8 rpg, 4.6 apg, 47.3% FG, 41% 3PT, 91.6% FT

Irving has a player option for 2025-26 and can become a free agent after this season. He can also remain in his contract at $43.9 million for next season and go to free agency in 2026. Irving sustained a season-ending torn ACL and will miss a significant portion of next season if not the entire season. Irving was an All-Star in 2025 and enjoying another stellar season before the injury. Given his injury and timeline to return, Irving may push free agency to 2026 — unless Dallas is ready to re-up with Irving on another contract. Regardless, with the Mavs trading Luka Doncic to the Lakers for Anthony Davis, there are parts the Mavs need to resolve, which could impact Irving’s future. Winning the Cooper Flagg sweepstakes certainly helps.

5. Myles Turner, Indiana Pacers center

2024-25 stats: 15.6 ppg, 6.5 rpg, 2.0 bpg, 1.5 apg, 48.1% FG, 39.6% 3PT, 77.3% FT

It seems Turner has been mentioned in trade talks for several seasons. Now, he’s in control of where he plays next season as an unrestricted free agent. Playing almost four more minutes per game this season than last, Turner remains a positive presence in the Pacers’ rotation, and he has been a steady anchor down low during Indiana’s run to the NBA Finals. Turner’s ability to stretch the floor and knock down 3s should increase his value on the open market.

6. Naz Reid, Minnesota Timberwolves center-forward

2024-25 stats: 14.2 ppg, 6.0 rpg, 2.3 apg, 46.2% FG, 37.9% 3PT, 77.6% FT

Reid is headed for a big payday — whether it’s this offseason or the next. He’s under contract for 2025-26 at a team friendly $15 million for the season but can exercise his player option and become a free agent this summer rather than the summer of 2026. His production made it possible to part ways with Karl-Anthony Towns before the season.

7. Josh Giddey, Chicago Bulls guard

2024-25 stats: 14.6 ppg, 8.1 rpg, 7.2 apg, 1.2 spg, 46.5% FG, 37.8% 3PT, 78.1% FT

Giddey is a pending restricted free agent in his first season with the Bulls after Oklahoma City traded him for Alex Caruso. Giddey does a little bit of everything for the Bulls, putting together career highs in assists, 3-point shooting percentage, 3s made per game and minutes. His strong play late in the season elevated the Bulls, which had lacked a distributor and creator, into playoff contention.

8. Fred VanVleet, Houston Rockets guard

2024-25 stats: 14.1 ppg, 5.6 apg, 3.7 rpg, 1.6 spg, 37.8% FG, 34.5% 3PT, 81% FT

The Rockets have a team option to retain VanVleet for 2025-26 at $44.8 million for the season or they can make the veteran guard a free agent this summer. The Rockets have young players who are in line for lucrative extensions so it is worth watching what the front office — and ownership — decides to do.

9. John Collins, Utah Jazz forward-center

2024-25 stats: 19.0 ppg, 8.2 rpg, 2.0 apg, 1.0 spg, 1.0 bpg, 52.7% FG, 39.9% 3PT, 84.8% FT

Collins also can choose to become a free agent this summer or play out the final season of his contract that will pay him $25.6 million in 2025-26. Collins has missed games due to injuries (back, hip) but is productive when on the court and can be a valuable third or fourth option on a playoff team.

10. Jonathan Kuminga, Golden State Warriors forward

2024-25 stats: 15.3 ppg, 4.6 rpg, 2.2. apg, 45.4% FG, 30.5% 3PT, 66.8% FT

Kuminga is a restricted free agent, meaning the Warriors can match any offer from other teams and retain him. He has missed time with injuries but he’s the kind of youthful, athletic wing the Warriors could use, with further development. With Golden State’s trade for Jimmy Butler, Kuminga fell out of the rotation, though he did re-emerge once injuries forced him back on the floor.

11. Nickeil Alexander-Walker, Minnesota Timberwolves guard

2024-25 stats: 9.4 ppg, 3.2 rpg, 2.7 apg, 43.8% FG, 38.1% 3PT, 78% FT

Alexander-Walker is in the final season of a two-year, $9 million contract, which makes him an unrestricted free agent in the summer. He has established himself as a viable rotation player, particularly on defense, where his length and athleticism are extremely valuable in the modern NBA.

12. Malik Beasley, Detroit Pistons guard

2024-25 stats: 16.3 ppg, 2.6 rpg, 1.7 apg, 43% FG, 41.6% 3PT, 67.9% FT

A veteran sharpshooter, Beasley is a plug-and-play sniper who should give any team instant contributions just from the volume of shots and accuracy he has from beyond the arc. Though he’s only an occasional starter, Beasley ranked seventh in the NBA in 3-point shots per game (9.3). But when lacing them at 41.6%, he should find plenty of suitors.

13. Kelly Oubre Jr., Philadelphia 76ers forward

2024-25 stats: 15.1 ppg, 6.1 rpg, 1.8 apg, 1.5 spg, 47% FG, 29.3% 3PT, 75.1% FT

He took on more responsibility with the series of injuries Philadelphia faced this season, and Oubre responded to become one of the team’s more consistent producers. He has plus athleticism, can get to the rim and his length allows him to defend many of the athletic wings in the NBA well enough.

14. Cam Thomas, Brooklyn Nets guard

2024-25 stats: 24 ppg, 3.8 apg, 3.3 rpg, 43.8% FG, 34.9% 3PT, 88.1% FT

Thomas is a restricted free agent and headed for a raise on his $4 million salary in 2024-25. Limited by injuries that sidelined him for more than half of the season, he can still get buckets and drop 20-plus in just about every game.

15. Bobby Portis, Milwaukee Bucks forward

2024-25 stats: 13.9 ppg, 8.4 rpg, 2.1 apg, 46.6% FG, 36.5% 3PT, 83.6% FT

Portis has a player option, so he would need to exercise it to remain with the team. Yet, if he opts to test the market, his ability to provide steady and solid scoring and rebounding off the bench could be appealing to any number of teams. A frequent contender for Sixth Man of the Year, Portis also brings instant energy and tenacity upon stepping on the floor.

16. Caris LeVert, Atlanta Hawks guard

2024-25 stats: 12.1 ppg, 3.4 apg, 3.2 rpg, 46.7% FG, 37.3% 3PT, 71% FT

LeVert will hit unrestricted free agency this summer following a two-year, $32 million contract. He had a nice season with Cleveland until it traded him, and he continued to excel as a scorer with Atlanta, where he got more offensive opportunities.

17. Quentin Grimes, Philadelphia 76ers guard

2024-25 stats: 14.6 ppg, 4.3 rpg, 3.0 apg, 46.7% FG, 38.5% 3PT, 75.7% FT

Grimes is a restricted free agent this summer, and he made the most of his opportunity after being traded from Dallas to Philadelphia. Grimes averaged 21.9 points on 46.9% shooting from the field and 37.3% on 3s and has scored at least 30 points five times with the 76ers, including 46 in an overtime loss against the Rockets.

18. Santi Aldama, Memphis Grizzlies center

2024-25 stats: 12.5 ppg, 6.4 rpg, 2.9 apg, 48.3% FG, 36.8% 3PT, 69.1% FT

Aldama is a restricted free agent in the offseason, and he turned into a valuable big man for the Grizzlies’ formidable frontcourt. The fourth-year big averaged career highs in points, rebounds, assists, field goal percentage and 3-point shooting percentage.

19. Brook Lopez, Milwaukee Bucks center

2024-25 stats: 13.0 ppg, 5.0 rpg, 1.9 bpg, 1.8 apg, 50.9% FG, 37.3% 3PT, 82.6% FT

Lopez had been a valuable player for the Bucks, who signed him to a two-year, $48 million contract in 2023. Will the two sides be able to reach terms on a new deal in free agency and continue a mutually beneficial relationship, or will Lopez find a new team?

20. Dorian Finney-Smith, Los Angeles Lakers forward

2024-25 stats: 8.7 ppg, 3.9 rpg, 1.4 apg, 44.8% FG, 41.1% 3PT, 66.7% FT

Finney-Smith has a $15.3 million player option on the 2025-26 season. One aspect is certain: Since acquiring him from Brooklyn in a trade in late December, Finney-Smith made the Lakers a better defensive team with his length and versatility.

21. Clint Capela, Atlanta Hawks center

2024-25 stats: 8.9 ppg, 8.5 rpg, 1.1 apg, 1 bpg, 55.9% FG, 53.6% FT

Capela finished a two-year, $45.8 million contract and will be an unrestricted free agent. He did lose his starting job midway through the season to Onyeka Okongwu, so that could affect his market. Playing his fewest minutes per game (21.4) since 2015-16, Capela’s per-36 minutes stats reveal a noticeable contribution: 14.9 points, 14.4 rebounds and 1.6 blocks.

22. Chris Paul, San Antonio Spurs guard

2024-25 stats: 8.8 ppg, 7.4 apg, 3.6 rpg, 1.3 spg, 42.7% FG, 37.7% 3PT, 92.4% FT

How much more does Paul want to play? He signed a one-year, $10.4 million contract last offseason and will have his choice of teams in unrestricted free agency if he wants to continue his playing career.

23. D’Angelo Russell, Brooklyn Nets guard

2024-25 stats: 12.6 ppg, 5.1 apg, 2.8 rpg, 1.0 spg, 39% FG, 31.4% 3PT, 83.4% FT

Though his scoring numbers were down, a career low that was below even his rookie season levels from 2015-16, Russell is still a player who can handle the ball and create for others, one who can ignite from 3-point range and one who can infuse instant offense into a system. Feasibly, what Russell has needed most is a clear definition of his role and stability.

24. Russell Westbrook, Denver Nuggets guard

2024-25 stats: 13.3 ppg, 6.1 apg, 4.9 rpg, 1.4 spg, 44.9% FG, 32.3% 3PT, 66.1% FT

Westbrook has a player option for 2025-26 at $3.4 million for the season. Was the partnership successful enough to get another season out of Westbrook in Denver? Will the Nuggets’ — and Westbrook’s — playoff success determine that?

25. Al Horford, Boston Celtics center

2024-25 stats: 9.0 ppg, 6.2 rpg, 2.1 apg, 42.3% FG, 36.3% 3PT, 89.5% FT

This has been another fruitful relationship at the end of Horford’s career. Following the end of a two-year, $19.5 million contract with the Celtics, Horford is an unrestricted free agent. Though didn’t have as good a season as last, he’s beloved by his teammates.

This post appeared first on USA TODAY

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Editor's pick

DOJ seizes record $225 million in crypto tied to global ‘pig butchering’ scams

Editor's pick 2 Mins Read

The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions globally.

Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency traced to a sprawling web of fraudulent investment platforms. Victims were tricked into believing they were investing in legitimate crypto ventures, only to be scammed by criminal networks often operating overseas.

“This seizure of $225.3 million in funds linked to cryptocurrency investment scams marks the largest cryptocurrency seizure in U.S. Secret Service history,” said Shawn Bradstreet, special agent in charge of the U.S. Secret Service’s San Francisco Field Office, in a statement.

Authorities said the network was connected to at least 400 suspected victims worldwide, including dozens in the U.S. Crypto fraud was responsible for more than $5.8 billion in reported losses last year, according to FBI data.

The seized funds are now subject to forfeiture proceedings aimed at eventually returning money to victims.

The U.S. Secret Service and FBI used blockchain analysis and other tools to trace the cryptocurrency back to stolen assets. The DOJ credited Tether, the world’s largest stablecoin issuer, for assisting in the operation.

According to the complaint, the funds were linked to the theft and laundering of money from victims of cryptocurrency investment fraud schemes, commonly known as confidence scams that often involve romance.

The network relied on hundreds of thousands of transactions to obscure the origin of the funds, using sophisticated blockchain maneuvers to conceal the flow of stolen assets.

This post appeared first on NBC NEWS

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Editor's pick

Amazon expects to cut corporate jobs as it relies more on AI

Editor's pick 3 Mins Read

Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence ‘will reduce our total corporate workforce as we get efficiency gains’ over time.

‘We will need fewer people doing some of the jobs that are being done today, and more people do other types of jobs,’ Jassy added in a memo to Amazon’s workforce.

The CEO of the country’s second-largest retailer and employer said Amazon is using generative AI ‘in virtually every corner of the company.’

Amazon employs more than 1.5 million people worldwide, according its most recent annual report.

This year, Amazon plans to spend $100 billion to expand AI services and data centers that power them, up from $83 billion last year.

Jassy said he believes so-called ‘AI agents’ will ‘change how we all work and live.’ While ‘many of these agents have yet to be built,’ he said, ‘they’re coming, and fast.’

He continued by saying that they will ‘change the scope and speed at which we can innovate for customers.’

Amazon currently has more than a thousand AI services and applications running inside the company or in progress of being built.

Jassy’s comments Tuesday will likely invoke fears that many corporate workers have had as artificial intelligence captures the eye of efficiency-minded executives across corporate America. A recent study from Bloomberg Intelligence said that AI could replace up to 200,000 banking jobs.

Amazon CEO Andy Jassy in New York on Feb. 26.Michael Nagle / Bloomberg via Getty Images

Artificial intelligence has also been shown to be effective at coding for software programs.

Cybersecurity firm Crowdstrike eliminted 5% of its workforce in May, saying that AI was driving ‘efficiencies across both the front and back office.’

Shopify CEO Tobi Lutke said managers at the e-commerce company will be expected to prove why they ‘cannot get what they want done using AI’ before asking for more headcount.

‘Having AI alongside the journey and increasingly doing not just the consultation, but also doing the work for our merchants is a mind-blowing step function change here,’ Lutke added.

Language learning firm Duolingo also recently said that it would replace contract workers with artificial intelligence. ‘We’ll gradually stop using contractors to do work that AI can handle,’ CEO Luis von Ahn wrote in a memo to Duolingo employees in May. ‘Headcount will only be given if a team cannot automate more of their work,’ von Ahn added.

The CEO of U.K. telecom giant BT said this week that plans to cut 40,000 jobs from the company’s workforce over the next 10 years ‘did not reflect the full potential of AI.’

This post appeared first on NBC NEWS

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Streaming overtakes cable and broadcast as the most-watched form of TV

Editor's pick 2 Mins Read

A new king reigns in TV land.

Streaming has officially surpassed broadcast and cable as a share of total television viewing, according to Nielsen data.

In May, streaming accounted for 44.8% of viewership, while broadcast (20.1%) and cable (24.1%) together represented 44.2% of overall people tuning in.

‘While many have expected this milestone to have occurred sooner, sporting events, news and new-season content have kept broadcast and cable TV surprisingly resilient,’ Brian Fuhrer, senior vice president at Nielsen, said in a video for Nielsen’s The Gauge monthly viewership report. ‘The trend, however, has been very consistent.’

While Netflix has boasted the most overall TV use for four years straight, YouTube has now seen four straight months of TV share increase, Nielsen said. The platform, owned by Google and its parent company, Alphabet, boasted the highest share of TV consumption among all streamers in May, with a 12.5% share. Rounding out the top five were Netflix, Disney-owned platforms including ESPN and Hulu, Amazon’s Prime Video, and the Roku Channel.

The three largest so-called free, ad-supported services, or FAST channels — Paramount’s Pluto TV, the Roku Channel and Fox’s Tubi — combined for 5.7% of total TV viewing in May, more than any individual broadcast network.

Streaming’s overall share is likely to remain neck and neck with traditional TV viewership for some time before it eventually surpasses it permanently in the near future, Nielsen said.

This post appeared first on NBC NEWS

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Stock

3 S&P 500 Charts That Point to the Next Big Move

Stock 1 Min Read

Follow along with Frank as he presents the outlook for the S&P 500, using three key charts to spot bullish breakouts, pullback zones, and MACD signals. Frank compares bearish and bullish setups using his pattern grid, analyzing which of the two is on top, and explains why he’s eyeing SMCI and AMD as potential trades. From there, he wraps the show with a look at some ETF plays.

This video originally premiered on June 17, 2025.

You can view previously recorded videos from Frank and other industry experts at this link.

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Investing

Lithium Universe LtdAcquisition of Solar Panel Recycling Technology

Investing 8 Mins Read

Melbourne, Australia (ABN Newswire) – Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) has entered into a binding agreement to acquire the global rights to commercially exploit a patented photovoltaic (‘PV’) solar panel recycling technology known as ‘Microwave Joule Heating Technology’ (‘MJHT’ or the ‘Technology’).

Highlights

– Agreement to acquire global rights photovoltaic (PV) solar panel recycling technology

– ‘Microwave Joule Heating Technology’ (MJHT) from Macquarie University

– Utilises microwave technology to selectively heat and delaminate PV cells

– 60-78 million tonnes of waste photovoltaic (PV) modules cumulated by 2050

– Today only 15% of waste solar cells are recycled worldwide

– Most end up in land fill as valuable waste

– Hard to recycle, high temperature furnace, toxic chemicals, low recovery

– MJHT and Delamination enables selective separation of materials – higher recoveries

– To investigate further recovery of silver, silicon, gallium and indium

– Binding commitments received to raise $1.7 million via placement to existing and new sophisticated and professional investors

The rights will be secured via an exclusive licensing agreement (‘Licensing Agreement’) with Macquarie University (‘MQU’), held through an Australian-incorporated holding company, New Age Minerals Pty Ltd (‘NAM’). The key terms of the Licensing Agreement are set out in Schedule 1*. The transaction will be effected by LU7 acquiring 100% of the issued share capital of NAM (‘Proposed Transaction’).

The basis of the technology platform utilises microwave technology to selectively heat silicon thereby softening the EVA encapsulant in solar panels, enabling easy delamination and potential recovery of valuable materials at room temperature. This approach avoids the need for extreme heat (1400degC) typically required for separating materials like glass and silicon as well as the use of costly hazardous chemicals in traditional processes. Delamination enables selective separation of materials without the need for mechanical crushing, whereas traditional crushing methods often result in cross-contaminated material and lower recovery rates.

A report published by the International Energy Agency Photovoltaic Power Systems Programme1 projected that global waste PV modules will amount to 1.7-8.0 million tonnes cumulatively by 2030 and 60-78 million tonnes cumulatively by 2050. By 2035, Australia is expected to accumulate 1 million tonnes of solar panel waste worth over A$1 billion, while the global CIGS (Copper, Indium, Gallium, Selenide) solar cell market is projected to grow to US$12.23 billion by 2032.

Currently, only 15% of used PV cells are recycled, with the rest accumulating in landfills.

This low recycling rate is due to complex processes, high-temperature furnaces, toxic chemicals, and poor recovery yields. The Technology, developed by MQU, enhances the extraction of valuable metals such as silver, silicon, gallium, and indium from discarded PV panels using microwave and delaminating techniques. The breakthrough technology offers a promising new approach for enhanced recovery of valuable metals like Silver, Silicon, Gallium, and Indium. The Company plans to initiate further research and development in this area.

THE PROBLEM TODAY

The world’s renewable energy transition is moving fast, with large-scale PV solar panels playing a central role in national energy strategies. The global solar cell market is projected to hit US$39.81 billion by 2037, growing at a compound annual growth rate (CAGR) of around 8.2%.

Approximately 37% of Australian households have installed solar panels. This represents over 4 million homes and small businesses with solar power systems. The Clean Energy Council reports that 12.4% of Australia’s electricity generation in 2024 came from rooftop solar.

However, as these panels approach the end of their 25-30-year lifespan, the industry faces a growing challenge: managing solar panel waste and recovering valuable materials. A report published by International Energy Agency Photovoltaic Power Systems Programme (IEA PVPS) Task12 and the International Renewable Energy Agency (IRENA) in 2016 projected world’s waste PV modules globally to amount to 1,7-8,0 million tonnes cumulatively by 2030 and to 60-78 million tonnes cumulatively by 2050. By 2035, Australia alone is expected to accumulate 1 million tonnes of end-of-life solar panels, with a total material value of over $1 billion. By 2045, Australia could be looking at 34.6 GW of serviceable panels that will need to be recycled or repurposed, equivalent to the total installed solar capacity in the country as of August 2024.

LOW RECYCLING RATES

The global recycling rate for PV solar panels is around 15%, driven by several challenges. The recycling process is complex, requiring high temperatures and toxic chemicals, making it costly and energy intensive. Economic incentives are limited as the recovery of valuable materials like silicon does not provide sufficient financial returns. However, if recycling technologies can effectively attract and recover critical materials like silver, silicon, gallium, and indium, the financial viability of recycling improves, driving higher recycling rates.

Additionally, the lack of recycling infrastructure and the diverse materials in panels further complicate efficient separation, but advancements in technology are addressing these issues.

When waste PV cells aren’t recycled, they often end up in landfills, causing numerous environmental problems.

Panels can contain harmful materials like cadmium and lead, which may leak into the ground and water, posing risks to both ecosystems and human health. Valuable metals like silver, silicon, gallium, and indium are lost, adding to the strain on natural resources. As more solar panels reach the end of their life, landfills fill up, and the energy stored in these materials is wasted. Recycling can help solve these issues by recovering critical materials and cutting down on pollution.

POTENTIAL GROWTH OF PV RECYCLING INDUSTRY

The nascent PV solar panel recycling industry is experiencing rapid growth due to the increasing demand for critical metals such as silicon, silver, and indium, which hold substantial economic value. As the market for endof-life (EoL) solar panels expands, driven by both economic opportunities and environmental needs, the recovery of these materials is becoming a lucrative business. The market for recyclable materials from EoL solar panels is projected to reach over $2.7 billion by 2030 and could approach $80 billion by 2050, according to Rystad Energy. This growth is further fuelled by the fact that recovering materials from used panels can offset the need for costly and environmentally damaging virgin material extraction. Additionally, recycling helps secure a domestic supply of critical metals, reducing reliance on volatile foreign sources. Advancements in recycling technology, particularly in recovering high-value materials like silicon and silver, are making these processes more economically viable and environmentally necessary. Research has demonstrated that up to 98% of silver and nearly all of copper, lead, and other valuable metals can be recovered efficiently, enhancing the profitability of the recycling industry. As technology improves, the recycling of PV panels will play a crucial role in supporting the transition to a circular economy and sustainable energy future.

CRITICAL METALS IN PV CELLS

As the demand for critical minerals continues to rise with the global shift to clean energy, the need to recover valuable materials from these panels becomes increasingly urgent. Solar panels are made up of 95% recyclable materials, including silver, aluminum, silicon, copper, indium, and gallium-all of which are vital to global clean energy supply chains. Rare metals like gallium are essential for solar fuel cells, semiconductor chips, and other high-tech applications, making their recovery from e-waste a key priority.

COMMENTS: EXECUTIVE CHAIRMAN, IGGY TAN

‘Now that we have completed our lithium refinery DFS and secured all necessary components-including land and partnerships-we are positioned and ready for a lithium price recovery. We are confident in our counter-cyclical strategy and firmly believe that LU7 will benefit significantly when the lithium market rebounds. While awaiting this recovery, we have been presented with an exciting opportunity to acquire a cutting-edge photovoltaic recycling technology’.

‘I am thrilled about the acquisition of Macquarie University’s Microwave Joule Heating Technology (MJHT) and the opportunity to potentially extract critical metals such as silver from solar panel recycling.

The need for effective PV recycling has never been greater, with only 15% of panels currently being recycled. The mass accumulation of solar panel waste in landfills is a growing problem, as valuable critical metals like silver, silicon, gallium, and indium are left behind, contributing to both resource depletion and environmental harm. Microwave technology offers a promising solution to these challenges, enabling higher recovery rates and more sustainable recycling processes. We firmly believe that this technology represents the future of solar panel waste management. We are eager to collaborate with the Macquarie team to develop a more efficient and cost-effective recycling process’.

*To view the full release with tables and figures, please visit:
https://abnnewswire.net/lnk/A0938OHA

To view the Market Presentation, please visit:
https://www.abnnewswire.net/lnk/JJ10ITOI

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe’s mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

Source:
Lithium Universe Ltd

Contact:
Alex Hanly
Chief Executive Officer
Lithium Universe Limited
Tel: +61 448 418 725
Email: info@lithiumuniverse.com

Iggy Tan
Chairman
Lithium Universe Limited
Email: info@lithiumuniverse.com

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

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SPUT’s US$200 Million Uranium Buying Plan Spurs Market Rally

Investing 3 Mins Read

The U3O8 spot price climbed sharply to kick off the week, hitting US$76.21 per pound.

Its Monday (June 16) rise is a 9.7 percent gain from the previous week’s close of US$69.47, and came after news that the Sprott Physical Uranium Trust (TSX:U.U,OTCQX:SRUUF) had penned a US$100 million bought-deal financing.

The financing was upsized to US$200 million the same day ‘as a result of strong investor demand.’

Sprott (TSX:SII,NYSE:SII), acting on behalf of the trust, confirmed the agreement, which will see Canaccord Genuity Group (TSX:CF,OTC Pink:CCORF) purchase 11,600,000 units of the trust at a price of US$17.25 each.

The offering, expected to close by June 20 pending regulatory approvals, will fund purchases of uranium oxide concentrates and uranium hexafluoride, in line with the trust’s mandate to hold physical uranium.

The news sparked a rally in uranium stocks on Monday.

On the TSX, major miner Cameco (TSX:CCO,NYSE:CCJ) rose just over 6.5 percent, while NexGen Energy (TSX:NXE,NYSE:NXE) was up 8 percent. Uranium Energy (NYSEAMERICAN:UEC) was up 12.64 percent in the US, and Denison Mines (TSX:DML,NYSEAMERICAN:DNN) jumped 14.8 percent on the TSX.

In Australia, Deep Yellow (ASX:DYLASX:DYL,OTCQX:DYLLF) surged more than 21 percent, while Boss Energy (ASX:BOE,OTCQX:BQSSF) jumped nearly 18 percent and Paladin Energy (ASX:PDN,OTCQX:PALAF) climbed over 15 percent amid investor optimism that the fresh capital injection could tighten the uranium spot market.

The Sprott trust, launched in 2021 and often referred to as SPUT, has been a key player in physically sequestering uranium from global markets, helping to reduce available supply and influence spot pricing trends.

After reaching a 14 year high of US$82 in early 2024, uranium prices trended downward, falling as low as US$64.30 this year. Despite the consolidation phase, experts believe the long-term outlook is positive.

The deal marks one of the most significant capital raises for uranium buying in 2025, and reflects growing institutional confidence in the long-term viability of nuclear energy as part of the clean energy transition.

SPUT’s move also comes amid momentum in US uranium policy. In late May, US President Donald Trump signed a series of executive orders aimed at revitalizing America’s nuclear energy sector. The orders are intended to ramp up domestic uranium production to meet growing power demands, especially from artificial intelligence data centers.

Tech giants like Microsoft (NASDAQ:MSFT), Google and Amazon (NASDAQ:AMZN) have all done nuclear power deals for data centers, honing in on nuclear as a viable solution for their zero-carbon baseload energy needs.

For now, Sprott’s buying spree offers a test of how tight the uranium market really is. With settlement set for later this week, attention will turn to whether its uranium purchases trigger further positive price activity.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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