Lithium Energy Shareholders OK Sale of 90% Interest in Argentinian Lithium Brine Project for $63 Million

MT Newswires Live08-09

Lithium Energy's (ASX:LEL) shareholders approved the proposed sale of its 90% interest in the Solaroz Lithium Brine project in Argentina to CNGR Netherlands New Energy Technology for $63 million in cash, according to a Thursday filing to the Australian bourse.

The sale to CNGR Advanced Material's (SHE:300919) subsidiary remains subject to CNGR Netherlands' registration as a foreign company in Argentina, the filing stated.

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