Core Viewpoint - Ganfeng Lithium plans to integrate Millennial Lithium Corp through its subsidiary Ganfeng International and Lithium Argentina AG, aiming to develop lithium salt lake assets in Argentina's Pozuelos-Pastos Grandes basin [1] Group 1: Company Actions - Ganfeng International and LAR will hold 67% and 33% stakes in Millennial, respectively, after the integration [1] - The company intends to provide financial support of up to $130 million to LAR, secured by LAR's equity in the integrated Millennial [1] Group 2: Project Development - The PPGS lithium salt lake project will utilize advanced direct lithium extraction technology, with a planned annual production capacity of 150,000 tons of LCE lithium products [1] - The integration aims to create a unified development system for high-quality assets, focusing on a global, scalable, efficient, and sustainable lithium product supply chain [1]

Core Viewpoint - Ganfeng Lithium (002460) has signed a letter of intent with Lithium Argentina AG to jointly develop the Pozuelos-Pastos Grandes salt lake basin in Argentina, which consists of three lithium salt lake projects [1] Group 1: Project Details - The salt lake basin includes the PPG lithium salt lake project, which is wholly owned by Ganfeng Lithium, the PG lithium salt lake project, where Ganfeng holds a 14.89% stake and LAR holds 85.11%, and the SDLP lithium salt lake project, where Ganfeng holds a 35% stake and LAR holds 65% [1] - The three projects will be integrated into a new project called the "PPGS lithium salt lake project," with a phased development plan to be established [1] Group 2: Production Capacity and Technology - The production process for the PPGS lithium salt lake project will partially utilize direct lithium extraction technology, with a long-term production capacity planned to reach 150,000 tons of lithium carbonate equivalent (LCE) per year [1] - The products will include lithium chloride or lithium carbonate [1]