Lithium Energy Ltd. (AU:LEL) has released an update.
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Lithium Energy Limited has announced receiving all necessary Chinese regulatory approvals for the sale of its 90% stake in the Solaroz Lithium Brine Project to CNGR Netherlands New Energy Technology. The deal is valued at approximately US$63 million (~A$97 million), with completion contingent upon shareholder and various other approvals. Meanwhile, the company is progressing with its Axon Graphite IPO and continuing operations at Solaroz.
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