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An announcement from Lithium Energy Ltd. ( (AU:LEL) ) is now available.
Lithium Energy Limited has received a second deposit of US$6 million from CNGR Netherlands New Energy Technology B.V., marking a critical step in the sale of its interest in the Solaroz Lithium Brine Project. With shareholder approval obtained, the sale is now unconditional, and the transaction will be completed in two tranches. The project will continue its exploration and evaluation phases, funded by a committed US$15 million loan from CNNET, which will aid in further development and potential market positioning.
More about Lithium Energy Ltd.
Lithium Energy Limited is an Australian company primarily engaged in the lithium industry, focusing on lithium brine projects. The company owns a significant interest in the Solaroz Lithium Brine Project in Argentina, which is a key asset in its portfolio.
YTD Price Performance: 0%
Average Trading Volume: 202,362
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$41.44M
See more insights into LEL stock on TipRanks’ Stock Analysis page.
