Sharing is caring!

–News Direct–

Lithium Australia Ltd (ASX:LIT, OTC:LMMFF) CEO Simon Linge tells Proactive the company has signed a binding agreement to sell its remaining interest in the Lake Johnson Lithium Project to Charger Metals Ltd, bringing Charger's interest in the asset to 100%. LIT will receive $2 million in return for the sale and retains first right of refusual for an offtake agreement on commercial terms for up to 30% of lithium products produced from the project.

Linge said: We are excited by the opportunity to engage with Charger Metals regarding the sale of Lithium Australias remaining holding in the Lake Johnston Lithium Project. As a significant shareholder of Charger, we are excited by the partnership between Rio Tinto and Charger and believe this provides a win-win outcome for all. The transaction reaffirms our commitment to focusing on our core operations, while aligning the company to its ESG ambitions."

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

View source version on

Lithium Australia Ltd

comtex tracking


Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Opinion Bulletin journalist was involved in the writing and production of this article.