Leo Lithium Ltd. (AU:LLL) has released an update.
Leo Lithium Ltd. has announced the conditional approval by the Mali Government for the sale of its stake in the Goulamina Lithium Project to Ganfeng, marking a significant step towards Leo Lithium’s exit from the project. The company has also secured operational permits including a 20-year power generation permit, and has paid a capital gains tax of US$7.6 million on the initial sale of shares. Management responsibilities are transitioning to Ganfeng, with Leo Lithium providing interim services until November 2024.
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