Lithium Argentina signs definitive agreement with Ganfeng Lithium to form a joint venture to integrate lithium projects, with Ganfeng Lithium investing $180 million for a 67% stake.
Lithium Argentina has signed a definitive agreement with Ganfeng Lithium to form a joint venture to integrate their lithium projects. Ganfeng Lithium will invest US$180 million and hold a 67% stake. The joint venture will integrate the Pozuelos-Pastos Grandes lithium project in Salta Province, Argentina, targeting an annual production of 150,000 tonnes of lithium carbonate equivalent. Lithium Argentina will use this investment and existing cash to fully repay its US$259 million convertible debt due in January 2027.
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