Leo Lithium to Monetize Remaining Assets, Return Net Proceeds to Shareholders
MT Newswires Live
Sep 18, 2025
Leo Lithium (ASX:LLL) is set to monetize its remaining assets and return all net proceeds to shareholders, with AU$330 million to be returned to shareholders in two tranches before the end of the year, according to a Thursday Australian bourse filing.
It will pay a first dividend of AU$265 million in mid-October, and a second distribution of AU$65 million will be made before year-end. The record date for the first distribution will be Oct. 3, and the payment date will be Oct. 14.
A shareholder meeting will be convened to seek approval for the return of capital.
It terminated the search for a new asset after reviewing its ongoing strategy. It began a process to right-size the firm and its assets.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.