Leo Lithium Ltd. (AU:LLL) has released an update.
Leo Lithium Ltd has signed an MoU with the Mali Government, settling all disputes with a $60 million agreement and completing a $65 million sale of a 5% stake in the Goulamina Lithium Project to Ganfeng. Additionally, Leo Lithium will sell its remaining 40% interest in the project to Ganfeng for $342.7 million, ensuring a secure transition and maintaining project development, with first spodumene production expected in Q3 2024. The company’s focus on shareholder interests led to this strategic divestment amidst increasing operational risks and financial considerations.
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