Zhong Guo Jin Rong Xin Xi Wang·2025-08-12 13:03Core Viewpoint - Ganfeng Lithium announced the integration of Millennial Lithium into a joint venture, focusing on the development of lithium brine assets in Argentina, which includes three key lithium salt lake projects [1] Group 1: Joint Venture and Asset Integration - Ganfeng International, a wholly-owned subsidiary of Ganfeng Lithium, plans to integrate Millennial Lithium, injecting three lithium salt lake assets: PPG, PG, and Puna [1] - The integrated assets will be collectively referred to as the "PPGS Lithium Salt Lake Project" [1] - Post-integration, Ganfeng International and LAR will hold 67% and 33% of Millennial's shares, respectively, and will jointly own the PPGS Lithium Salt Lake Project [1] Group 2: Project Development and Financial Support - The PPGS Lithium Salt Lake Project aims to utilize advanced direct lithium extraction technology, with a planned total annual production capacity of 150,000 tons of lithium carbonate equivalent (LCE) [1] - As part of the transaction, Ganfeng Lithium or its subsidiaries will provide financial support of up to $130 million to LAR, secured by LAR's shares in the integrated Millennial [1] - The financial support is intended to meet LAR's funding needs, including the development of the PPGS Lithium Salt Lake Project or other mutually agreed purposes [1]