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.


NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.