Leo Lithium Ltd. (AU:LLL) has released an update.
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Leo Lithium Ltd. has voluntarily suspended trading of its securities until November 3, 2023, due to complex negotiations with the Malian government concerning the Goulamina Project. The issues at hand include regulatory procedures around the transfer of the original mining permit, as well as complications arising from the newly established 2023 Mali Mining Code which could negatively impact the project. The company is working towards a resolution that is not yet definitive but is crucial due to its potential material impact on stock prices.
For further insights into AU:LLL stock, check out TipRanks’ Stock Analysis page.
