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Lithium Energy Ltd. ( (AU:LEL) ) has issued an update.
Lithium Energy Limited has successfully completed the first tranche of its sale of a 39.9% interest in the Solaroz Lithium Brine Project to CNGR Netherlands New Energy Technology B.V., receiving US$26 million. This transaction is part of a larger US$63 million deal, which will see the transfer of the remaining 50.1% interest by January 2026. The sale is expected to impact the company’s financial position positively and strengthen its strategic partnership with CNGR, as the latter will have board representation in Solaroz.
More about Lithium Energy Ltd.
Lithium Energy Limited is a company operating in the energy sector, focusing on the development and sale of lithium brine projects. The company is involved in the Solaroz Lithium Brine Project in Argentina, which is a significant part of its operations.
Technical Sentiment Signal: Buy
Current Market Cap: A$41.44M
Learn more about LEL stock on TipRanks’ Stock Analysis page.