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Leo gets cash backing from Ganfeng for Goulamina and new joint ventures

HAVING recently gone to China to talk to Ganfeng about a mine expansion, Leo Lithium managing director Simon Hay has come back with A$106 million cash.

Michael Quinn
Ganfeng vice chairman Wang Xiaoshen (left) and Leo managing director Simon Hay in Shanghai

Ganfeng vice chairman Wang Xiaoshen (left) and Leo managing director Simon Hay in Shanghai

The Chinese firm is to pay 81c per new share for a 9.9% stake in Leo, with the ASX-listed company now "fully-funded for its share of Goulamina stage one development costs and operational ramp-up, and well-positioned...

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