Tianqi Lithium unit secures cross-guarantee approval

Tianqi Lithium Corporation [SZSE:002466] announced its subsidiary, Tianqi Lithium Australia (TLA), and its wholly-owned subsidiary, Tianqi Lithium Kwinana (TLK), have secured board approval for cross-guarantees. This arrangement, intended to comply with Australian Securities and Investments Commission (ASIC) regulations, will provide an unlimited, indefinite guarantee between the two entities. The proposed cross-guarantee is estimated to be less than AUD 2.4 billion annually for both 2025 and 2026, equivalent to approximately CNY 10.812 billion. The plan requires shareholder approval at the upcoming 2025 annual general meeting. TLA’s assets totaled CNY 562,994.95, liabilities CNY 912,735.01 as of December 31, 2024.