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Why is Lithium Australia selling its interest in the Lake Johnston Lithium Project? — ASX:LIT| ASX Mining News & Discussion
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Lykeshares Official
$LIT Why is Lithium Australia selling its interest in the Lake Johnston Lithium Project?
Lithium Australia Signs Binding Agreement for A$2.0m Sale of the Lake Johnston Lithium Project

Charger Metals NL acquires Lithium Australia's remaining interest in the Lake Johnston Lithium Project, strengthening both companies' positions in the lithium market

Perth, Western Australia - In a significant move that solidifies its strategic focus, Lithium Australia Ltd. (ASX:LIT) has officially signed a binding agreement with Charger Metals NL (ASX:CHR) for the sale of its remaining 30% interest in the Lake Johnston Lithium Project. This exciting development not only boosts Charger Metals' presence in the lithium market but also enhances Lithium Australia's financial position.

Sale Highlights

Under the agreement, Charger Metals will acquire:

Lithium Australia's remaining 30% interest in the Lake Johnston Lithium Project tenements.
The Company's remaining 30% interest in the contractual rights to the lithium in the Lake Johnston Lithium Project.

In exchange for these assets, Charger Metals will provide Lithium Australia with ...
Why is Lithium Australia selling its interest in the Lake Johnston Lithium Project?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?