Zheng Quan Zhi Xing·2025-08-12 14:24Core Viewpoint - Ganfeng Lithium (002460.SZ) announced a collaboration with LAR to jointly develop the Pozuelos-Pastos Grandes salt lake basin in Argentina by integrating their lithium salt lake projects into Millennial [1][2] Group 1: Project Integration - The integration involves Ganfeng's wholly-owned PPG lithium salt lake project, LAR's 85.11% stake in the PG lithium salt lake project, and Ganfeng's 35% stake in the Puna lithium salt lake project, collectively referred to as the PPGS lithium salt lake project [1] - After the integration, Ganfeng International and LAR will hold 67% and 33% stakes in Millennial, respectively, and will jointly own the PPGS lithium salt lake project [1] Group 2: Financial Support - As part of the transaction, Ganfeng 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 [1] Group 3: Strategic Goals - The integration aims to create a global, large-scale, efficient, and sustainable lithium product production supply chain [2] - This strategy is expected to enhance project potential and value, improve resource utilization, accelerate project implementation, and increase capital efficiency, thereby strengthening the company's core competitiveness and creating value for shareholders [2]