Firefinch Limited (AU:FFX) has released an update.
Firefinch Limited has reached a settlement with the Government of Mali regarding claims over the Morila Gold Mine and the Goulamina Lithium Project. The agreement involves a US$60 million payment to the Government, the transfer of Firefinch’s interests in mining titles to a government entity, and the grant of a 15-year exploitation permit for Goulamina. Additionally, Firefinch is set to contribute A$11.5 million to the settlement and relinquish certain debts owed by Leo Lithium, amidst a broader resolution of disputes and transfer of ownership stakes.
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