Leo Lithium sells 40% stake in Mali's Goulamina lithium project to Ganfeng for $342.7m due to Mali's mining law changes and security concerns.
Leo Lithium sells its remaining 40% stake in Mali's Goulamina lithium project to joint venture partner Ganfeng for $342.7 million due to challenges presented by changes to Mali's mining law and heightening security concerns. The sale will also terminate the co-operation agreement between the two, with Ganfeng compensating Leo Lithium with a 1.5% gross revenue fee over a 20-year period.
May 08, 2024
4 Articles