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How To Buy Shares In Leo Lithium

The lithium spin-off of Firefinch ($FFX) hits the boards today.

Leo Lithium begins trading on the ASX today after completing the demerger from former parent company Firefinch.

Leo Lithium is focused on spodumene concentrate, a material used in the production of lithium chemicals. Essentially the chemicals that power lithium batteries used by electric vehicles.

The company has a 50% ownership in the Goulamina Lithium Project in Mali alongside Chinese giant, Ganfeng Lithium. The project is one of the world’s largest undeveloped high quality spodumene deposits, and the open pit mine is expected to produce 726,000 tonnes of concentrate once operational.

Ganfeng has contributed US$130m in equity funding to the joint venture and will be responsible for the funding to develop stage one.

Leo Lithium is available to trade under the ticker $LLL on Stake now.

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