The military-backed government of Mali asked United Nations peacekeepers to leave the country last month.
Shares of Leo Lithium crashed 50 per cent on Monday as Mali’s military regime halted the miner’s plans to ship its first ore amid escalating problems engulfing its African lithium dream in the war-torn country.
“Obviously, a lot has changed with Leo Lithium over the last few weeks. We’ve continued to push the project ahead on schedule. We’ve got great support from Ganfeng with the co-operation agreement and this subsequent equity investment into the asset,” said Simon Hay, chief executive ofLeo shares were lifted from a six-week trading halt on Monday after the company told the market of Mali’s decision to suspend direct ore shipments and plummeted 50 per cent to 57¢.
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