Leo Lithium Receives AU$12 Million from Firefinch, Extends Satisfaction Date for Mali Project Stake Sale

MT Newswires Live

2024/11/01

Leo Lithium (ASX:LLL) received the payment of AU$11.5 million in cash from Firefinch (ASX:FFX), according to a Friday filing with the Australian bourse.

The payment was Firefinch's contribution to the settlement amount previously paid by Leo Lithium to the Mali government, the filing said.

Also, Leo Lithium said it agreed to extend to Nov. 25 from Oct. 31 the satisfaction date for precedent conditions related to the sale of its 40% stake in the Goulamina lithium project in Mali to Chinese lithium producer Ganfeng Lithium (HKG:1772, SHE:002460), as per the filing.

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