Lithium Energy Ltd. ( (AU:LEL) ) has shared an update.
Lithium Energy Limited has completed the sale of its Solaroz Lithium Brine Project in Argentina, receiving a total of US$33.8 million for the first tranche, with the second tranche expected to complete in January 2026. The company is also acquiring a significant interest in the Capricorn Gold-Copper Belt Project in Queensland, aiming to bolster its operations and meet ASX’s criteria for reinstatement of its securities to quotation. These strategic moves are part of Lithium Energy’s efforts to enhance its operational capabilities and secure its position in the resource sector.
More about Lithium Energy Ltd.
Lithium Energy Limited is a company involved in the energy sector, focusing on lithium projects and resource acquisitions. It is engaged in the exploration and development of lithium brine projects and has recently expanded into gold and copper exploration.
Technical Sentiment Signal: Buy
Current Market Cap: A$41.44M
For detailed information about LEL stock, go to TipRanks’ Stock Analysis page.