Leo Lithium Ltd. (AU:LLL) has released an update.
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Leo Lithium Ltd. is set to increase shareholder returns following the sale of its total stake in the Goulamina Lithium Project to Ganfeng for approximately A$519 million. Shareholders can anticipate two distributions of cash proceeds in January and July 2025, contingent on the approval of the Share Sale Agreement by shareholders and the company’s investment opportunities. Additionally, the company has begun strategic cost reductions, including a headcount reduction and scaling down of board remuneration.
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