Leo Lithium Ltd. (AU:LLL) has released an update.
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Leo Lithium Ltd. reported a net cash outflow from operating activities amounting to $1.55 million for the quarter and $3.08 million for the half-year. However, significant cash inflows from investing activities were observed, totaling $11.21 million for the quarter, primarily due to proceeds from the sale of a 5% interest in MLBV and a deposit received for the sale of an additional 40% stake. These inflows helped offset cash outflows, leading to a positive net cash position from investing activities for the six-month period at $47.40 million.
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