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Leo Lithium Secures US$177.6M, Eyes Strategic M&A Moves
11:01am on Thursday 3rd of July, 2025 AEST
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Mining
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Leo Lithium Secures US$177.6M, Eyes Strategic M&A Moves
11:01am on Thursday 3rd of July, 2025 AEST
Key Points
Final US$171.2M plus US$6.4M interest received from Ganfeng for Goulamina stake
Funds to be converted to AUD via a USD call option purchased earlier this year
Company progressing lithium hard rock M&A opportunities with announcement expected in Q3 2025
If no acquisition materializes, funds will be returned to shareholders in H2 2025
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