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The latest announcement is out from Leo Lithium Ltd. ( (AU:LLL) ).
Leo Lithium Ltd. has updated shareholders on its corporate strategy and progress following the sale of the Goulamina Lithium Project. The company has distributed Tranche 1 funds to shareholders and is now focused on acquiring new lithium assets to enhance its portfolio and resume trading on the ASX. Cost reduction measures have been implemented, including reducing board and executive team sizes and scaling back office operations. The company is actively reviewing potential M&A opportunities in lithium spodumene, brine, and geothermal assets, with a focus on projects in Western Australia, North America, South America, and Europe. While discussions are ongoing, no transactions have been finalized.
More about Leo Lithium Ltd.
Leo Lithium Ltd. operates in the lithium industry, focusing on acquiring and developing lithium assets. The company aims to create a portfolio of lithium assets to generate value for shareholders, with a strategic focus on acquiring cornerstone and bolt-on assets.
Technical Sentiment Signal: Hold
Current Market Cap: A$605.1M
See more data about LLL stock on TipRanks’ Stock Analysis page.