Leo Lithium Ltd. (AU:LLL) has released an update.
Leo Lithium Ltd. has finalized the sale of its 5% stake in the Goulamina project to Ganfeng, receiving the remaining US$5 million consideration. The company has also received a US$10.5 million non-refundable deposit from Ganfeng for the sale of its remaining 40% interest, which is part of a total US$342.7 million deal set to complete in stages. Leo Lithium plans to prioritize shareholder returns, committing to distribute the entire net after-tax proceeds from the initial transaction payment.
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