Ganfeng Lithium subsidiary forms Argentina JV, provides $130m aid

Ganfeng International and Lithium Argentina AG will integrate three lithium brine assets into Millennial Lithium Corp, with Ganfeng International holding 67% and LAR 33%.

GFL International will provide LAR with up to $130 million in financial assistance over six years, secured by LAR's stake in the new entity. The funds will support development and provide Ganfeng Lithium an additional 6,000 tonnes of annual lithium carbonate equivalent off-take.