Leo Lithium Ltd. (AU:LLL) has released an update.
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Leo Lithium Ltd. has completed the sale of its remaining 40% stake in Mali Lithium BV to GFL International Co., receiving a net Tranche 1 cash consideration of $116.3 million. The company plans to distribute these funds to shareholders in January 2025, while also preparing to release its half-year financial results in December. This strategic move marks a significant step in Leo Lithium’s financial strategy, reflecting their commitment to shareholder returns and financial transparency.
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