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An update from Leo Lithium Ltd. ( (AU:LLL) ) is now available.
Leo Lithium Limited has received the final payment of $171.2 million from Ganfeng Lithium Group for its 40% stake in the Goulamina Lithium Project, with additional interest bringing total receipts to $177.6 million. The company plans to use these funds for potential mergers and acquisitions, with a decision on shareholder returns expected by the second half of 2025. Additionally, the first shipment of spodumene concentrate from the project has been dispatched, and Leo Lithium will receive a trailing product service fee later in the year.
The most recent analyst rating on (AU:LLL) stock is a Hold with a A$0.45 price target. To see the full list of analyst forecasts on Leo Lithium Ltd. stock, see the AU:LLL Stock Forecast page.
More about Leo Lithium Ltd.
Leo Lithium Limited operates in the lithium industry, focusing on the exploration and development of lithium projects. The company’s primary product is lithium, a key component in battery production, and it is involved in the market for lithium hard rock mining.
Technical Sentiment Signal: Hold
Current Market Cap: A$605.1M
For a thorough assessment of LLL stock, go to TipRanks’ Stock Analysis page.