Today's board moves wrap includes Ian Bailey, Aleksandra Spaseska, Tim Goyder, Anthony Cipriano, Stacey Apostolou, Jamie Armes, Curtis Abbott, Lynette Suppiah, Julian Hanna, Rick Crabb, and more.
Leo Lithium has announced that all conditions over the sale of its 40 per cent JV stake in Mali Lithium and the subsequent Goulamina lithium project have been met prior to completion.
Security and sovereignty issues in Mali have pushed Leo Lithium to offload its final 40 per cent interest in the Goulamina Lithium Project to Ganfeng for $342.7 million.
Leo Lithium shares traded 50 per cent lower today after the company emerged from a trading suspension with clarification on issues at its lithium project in Mali.
Leo Lithium has awarded mining services provider Corica Mali a contract valued at about $520 million to deliver services at its Mali-based Goulamina Lithium Project.
Leo Lithium has reached first production of direct shipped ore at its Goulamina hard-lock lithium project in West Africa after its first blast earlier this month.
Newly-listed Leo Lithium has engaged Lycopodium to deliver engineering, procurement and project managing services at its Goulamina lithium project in southern Mali.
Galaxy Resources' $4 billion merger with Queensland lithium producer Orocobre will come into effect later this month after the plan was approved by the Western Australian Supreme Court today.
Shares in Galaxy Resources closed up by more than 8 per cent on Wednesday when the company released an updated development plan for its Sal de Vida lithium project in Argentina.
Galaxy Resources has disclosed a $US284 million ($A430 million) loss for the 2019 financial year, driven by lower lithium prices and non-cash write-downs and impairment at its Mt Cattlin mine near Ravensthorpe.
Galaxy Resources has confirmed interest in striking a downstream processing deal with Alita Resources' offtake partner, just a day after placing the lithium miner into receivership, while Talison is reconsidering the timing of its $516 million stage three expansion project at Greenbushes.
Galaxy Resources has gained effective control of struggling lithium miner Alita Resources by purchasing a $US28.8 million ($A42 million) secured loan facility.
Our daily board moves wrap includes Kim Hogg, Tino Kapfumo, Michael van Uffelen, Simon Hay, Anthony Tse, Ray Voorhoeve, Mandy McGuire, and Geoffrey Clifford.
