Novo Litio still trying to resolve Portugal rights issue

Lithium developer Novo Litio’s shares remained suspended on the ASX on Friday – nearly a month since the company first halted share trading to confirm the legal status of its rights to the Sepeda project, in Portugal. Novo Litio is seeking to transfer a granted exploration licence and exploration licence applications, which comprise the Sepeda project, from Portuguese firm Lusorecursos. The company considers its agreement with the vendor to be binding and enforceable.