Leo Lithium Ltd. (AU:LLL) has released an update.
Leo Lithium Ltd. has announced the successful shareholder-approved sale of its Mali Lithium B.V. shares to Ganfeng for $342.7 million, with anticipated Chinese government approval expected soon and completion slated for mid-November 2024. The company plans to distribute a significant portion of the proceeds to shareholders in early and mid-2025. Following the transfer of the Goulamina Project management to Ganfeng, Leo Lithium is reducing its workforce while exploring new investment opportunities and managing the sale’s finalization.
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