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Ganfeng pumps more funds into Goulamina partner Leo

Leo Lithium managing director Simon Hay has returned from a trip to China last week with A$106 million cash, courtesy of its Goulamina joint venture partner Ganfeng Lithium.

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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