TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Lithium Energy Ltd. ( (AU:LEL) ) has shared an announcement.
Lithium Energy Limited announced an update on its suspension from trading on the ASX following the sale of its Solaroz Lithium Brine Project. The company is working towards reinstatement by advancing its current mining projects, including the Capricorn Gold-Copper Belt, Burke, Corella, and Mt Dromedary Graphite Projects, and the White Plains Lithium Brine Project. These efforts include exploration and drilling programs to demonstrate sufficient operational scale to the ASX. The company has also increased its technical capacity by hiring additional staff and plans to regularly update the market on its progress towards reinstatement.
More about Lithium Energy Ltd.
Lithium Energy Limited is a company operating in the mining industry, focusing on lithium and graphite projects. Its primary projects include the Capricorn Gold-Copper Belt Project, Burke and Corella Graphite Projects, Mt Dromedary Graphite Project, and the White Plains Lithium Brine Project. The company aims to develop a vertically integrated battery anode material business using graphite from its Australian projects.
Technical Sentiment Signal: Sell
Current Market Cap: A$41.44M
Learn more about LEL stock on TipRanks’ Stock Analysis page.