Trading in Leo Lithium (LLL) remains suspended following September 2023 correspondence from the Mali Ministry of Mines to suspend DSO operations. While project construction has progressed, disputes remain between the Mali Government and LLL. These issues will need to be resolved for the proposed sale of an additional 5% of Goulamina holding company MLBV to partner Ganfeng to proceed. Lithium market pricing, along with investor sentiment (and patience) have dwindled since LLL’s latest suspension. This halt in trading was preceded by a sharp sell-off by investors exiting following an earlier suspension active from July.
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