GFL International to acquire 50% shares of SPV

Ganfeng Lithium announced that its wholly-owned subsidiary GFL International will acquire 50% shares of SPV, a company in the Netherlands, at USD130 million and will offer no more than USD40 million of subsidies for LMSA, a subsidiary of SPV, to help the subsidiary develop and build Goulamina spodumene project.Asian Metal Copyright After the deal is concluded, GFL International will get 50% of exclusive sales right of Goulamina project phase one, which has an annual production capacity of about 455,000t of spodumene concentrate.Asian Metal Copyright After the deal is concluded, GFL International will get 50% of exclusive sales right of Goulamina project (phase one), which has an annual production capacity of about 455,000t of spodumene concentrate.Asian Metal Copyright .Asian Metal Copyright GFL International can get the rest 50% of exclusive sales right of the project if it further directly offers financial assistance or assist LMSA in obtaining debt funds supplied by a third party bank and others.


.Asian Metal CopyrightGanfeng Lithium announced that its wholly-owned subsidiary GFL International will acquire 50% shares of SPV, a company in the Netherlands, at USD130 million and will offer no more than USD40 million of subsidies for LMSA, a subsidiary of SPV, to help the subsidiary develop and build Goulamina spodumene projectAsian Metal Copyright