• Received US$21.7 million cash on early completion of Solaroz Project sale
• Suspended from ASX trading, working to demonstrate sufficient operations for reinstatement
• Advancing exploration at Capricorn Gold-Copper Belt, Burke/Mt Dromedary Graphite Projects

Lithium Energy Ltd (ASX:LEL) has completed the sale of its Solaroz Lithium Brine Project in Argentina, receiving US$21.7 million (~A$33 million) in cash on the early completion of the sale of the balance (Tranche 2) of its interest in the project to CNGR Netherlands New Energy Technology B.V. (CNNET). Lithium Energy had previously received US$33.8 million (~A$52 million) in April 2025 on completion of the sale of Tranche 1. CNNET has also transferred US$3 million to a joint escrow account as security for Lithium Energy's performance under the sale agreement, and a Deferred Consideration of US$4.5 million (~A$6.9 million) is payable if the Benchmark Lithium Carbonate Price exceeds US$23,000/tonne. Following the disposal of its main undertaking, the Solaroz Project, Lithium Energy's shares have been suspended from trading on the ASX. The company is now focused on meeting ASX's criteria for the reinstatement of its securities, which includes demonstrating that its current resource projects and operations have advanced to a sufficient scale. Lithium Energy is pursuing the acquisition of new resource projects, such as the Capricorn Gold-Copper Belt Project, White Plains Lithium Brine Project and the Mt Dromedary Graphite Project, and is expanding its technical capacity and advancing exploration work programs across all projects, including geophysical surveys, geochemical sampling and drilling. The company expects to make submissions to the ASX shortly, demonstrating that its operations are at a sufficient scale to warrant a reinstatement of its shares to trading.