Zhi Tong Cai Jing·2025-08-15 07:02Core Viewpoint - Ganfeng Lithium has announced a significant asset merger involving its subsidiaries, which is expected to enhance its operational capabilities in lithium projects located in Argentina [1][2]. Group 1: Company Developments - Ganfeng Lithium's wholly-owned subsidiary, GFL International, has acquired 100% ownership of the PPG project company and 14.89% of the PG project company, along with 35% of the Puna project company [1]. - Lithium Argentina holds 85.11% of the PG project company and 65% of the Puna project company, indicating a strong collaborative framework between the two companies [1]. - A framework agreement was established on August 12, 2025, to merge the interests and investments in the project companies into a joint venture, with GFL International holding 67% and Lithium Argentina holding 33% [1]. Group 2: Financial Arrangements - GFL International and Lithium Argentina are set to establish a new debt financing arrangement, which includes a financial support of $130 million to meet Lithium Argentina's funding needs for project development [2]. - A feasibility study is currently underway, targeting a maximum annual production capacity of 150,000 tons of lithium carbonate equivalent (LCE), to be developed in three phases of 50,000 tons each [2].