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Ganfeng and Leo formalise new lithium deal while investors remain cautious

LEO Lithium has reported signed the binding agreement involving partner Ganfeng sole funding US$137.2 million of the Goulamina project build in Mali in exchange for the Chinese company getting an additional 5% of the lithium development.

Michael Quinn
Goulamina, Mali

Goulamina, Mali

Following that spend Ganfeng will have 55% of the joint venture company holding the project and Leo 45%. At the asset level, the Mali government is set to have a minimum 10% free-carried interest. ...

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