China greenlights CNGR to buy Lithium Energy’s Solaroz project ahead of graphite pivot

The Market Herald06-03

Lithium Energy (ASX:LEL) is one step closer to pawning off its Solaroz lithium project in Argentina. The buyer of the Solaroz project is Hollywood status, as far as lithium markets go. CNGR, a Chinese...

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CNGR, a Chinese...</p>\n\n<a href=\"https://themarketonline.com.au/china-greenlights-cngr-to-buy-lithium-energys-solaroz-project-ahead-of-graphite-pivot-2024-06-03/\">Source Link</a>\n\n</div>\n","source":"markerherald_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China greenlights CNGR to buy Lithium Energy’s Solaroz project ahead of graphite pivot</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina greenlights CNGR to buy Lithium Energy’s Solaroz project ahead of graphite pivot\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-03 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketonline.com.au/china-greenlights-cngr-to-buy-lithium-energys-solaroz-project-ahead-of-graphite-pivot-2024-06-03/><strong>The Market Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lithium Energy (ASX:LEL) is one step closer to pawning off its Solaroz lithium project in Argentina.\nThe buyer of the Solaroz project is Hollywood status, as far as lithium markets go. CNGR, a Chinese...</p>\n\n<a href=\"https://themarketonline.com.au/china-greenlights-cngr-to-buy-lithium-energys-solaroz-project-ahead-of-graphite-pivot-2024-06-03/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7084","symbol_name":"电子设备和仪器","start_time":0,"source_url":"https://themarketonline.com.au/china-greenlights-cngr-to-buy-lithium-energys-solaroz-project-ahead-of-graphite-pivot-2024-06-03/","article_id":"2440104420","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2440104420","pubTimestamp":1717373520,"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"Lithium Energy  is one step closer to pawning off its Solaroz lithium project in Argentina.The buyer of the Solaroz project is Hollywood status, as far as lithium markets go. 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Bot","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7084":"电子设备和仪器","BK7095":"多种金属与采矿","BK7507":"资源股","PLS.AU":"PILBARA MINERALS LTD","BK1212":"农产品","BK1511":"疑似财技股","BK1543":"农业股票概念","BK7504":"锂钴概念","00904":"中绿","NVX.AU":"NOVONIX LTD","LEL.AU":"LITHIUM ENERGY LTD"},"translate_title":"中国批准CNGR在石墨转向之前收购Lithium Energy的Solaroz项目","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00904":1,"LEL.AU":1,"NVX.AU":1,"PLS.AU":1},"content_text":"Lithium Energy (ASX:LEL) is one step closer to pawning off its Solaroz lithium project in Argentina.\nThe buyer of the Solaroz project is Hollywood status, as far as lithium markets go. CNGR, a Chinese battery giant, is willing to pay just short of A$100M for it.\nLEL’S decision to sell Solaroz ultimately paints a picture of a company left to make tough decisions given the downfall in lithium prices through 2023. \nOnly in September, the company was still spruiking Solaroz at conferences, that project boasting a 3.3Mt lithium carbonate equivalent resource in brine.\nWith the Chinese government having tickboxed CNGR’s buyout on its own end, the government of Argentina must do the same – so too must LEL shareholders.\nA meeting to that end will be held in late July of 2024, suggesting the company expects to have all regulatory approvals out of the way by then.\nSo what next for Lithium Energy? The answer is a different battery metal.\nIn April this year, LEL teamed up with ASX-listed NOVONIX (ASX:NVX) to merge two projects together; the QLD-based Burke and Mt Dromedary graphite projects. Both were adjoining.\nThe two companies are now moving ahead as Axon Graphite, and the company intend to list on the ASX by way of IPO.\nThat deal, of course, depends on the completion of the Solaroz sale. \nLEL last traded at 41cps.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2440104420"}