China's Ganfeng Lithium invests US$160 million in lithium brine joint venture project in Argentina

17 August 2019


On Aug. 17, 2019, GFL International Co., Ltd., a subsidiary of China's Ganfeng Lithium Co., Ltd., completed its previously announced US$160 million subscription for newly issued shares of Minera Exar S.A., the holding company for the Caucharí-Olaroz lithium brine project in Argentina.

This investment raised Ganfeng's stake in the project from 37.5% to 50%, with its joint venture partner, Toronto-listed Lithium Americas Corp., holding the remaining 50% stake.

Linda Hogg of Gowling WLG advised Ganfeng with respect to this investment.

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