Firefinch demerger approved, training focus on flagship gold project

Firefinch Ltd (ASX:FFX)’s MD Dr Michael Anderson speaks to the now-approved Leo Lithium demerger and details what this means for the company moving forward. Leo recently raised $100 million via an oversubscribed initial public offering (IPO) and is poised to hit the boards on June 23.

Michael says the demerger will keep Firefinch focused on its world-class, multi-million-ounce Morila Gold Project in Mali. But it’s not the end of the road for lithium-focused investors: they’ll retain exposure to Leo Lithium and its Goulamina project development thanks to Firefinch’s 20% stake in the spinout.