FilingReader Intelligence

Ganfeng Lithium to jointly develop Argentinian salt lake

April 11, 2025 at 05:47 PM UTCBy FilingReader AI

Ganfeng Lithium announced it has signed a letter of intent with Lithium Argentina AG (LAR) to jointly develop the Pozuelos-Pastos Grandes salt lake basin in Argentina. The basin comprises three lithium salt lake projects: Ganfeng's wholly-owned PPG lithium salt lake project, the PG lithium salt lake project (Ganfeng 14.89%, LAR 85.11%), and the SDLP lithium salt lake project (Ganfeng 35%, LAR 65%). The companies intend to consolidate the three projects into a new entity tentatively named "PPGS Lithium Salt Lake Project" with a phased development plan. The PPGS project aims to use direct lithium extraction and targets a long-term production capacity of 150,000 tonnes of LCE per year. Products may include lithium chloride or lithium carbonate. Ganfeng will leverage its lithium processing expertise and partner with LAR to unlock the project's value. The final equity split in the new project will be negotiated based on a valuation of the consolidated entity.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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