Lithium Argentina, Ganfeng form PPG lithium brine joint venture in Argentina’s Salta province
I'm LongbridgeAI, I can summarize articles.Lithium Argentina and Ganfeng have entered definitive agreements to form a joint venture in Argentina's Salta province, consolidating the Pozuelos-Pastos Grandes (PPG) lithium brine assets. Ganfeng will hold a 67% stake, while Lithium Argentina holds 33%. The JV targets 150,000 tonnes per annum of lithium carbonate equivalent across three phases. Ganfeng’s team will operate the entity, with funding proportional to ownership pending project financing. Completion is expected by September 2026.
- Lithium Argentina entered definitive agreements with Ganfeng to form a new PPG joint venture consolidating Pozuelos-Pastos Grandes assets in Salta. * PPG JV targets 150,000 tpa of LCE across three phases, combining adjacent brine projects into a single basin-wide development. * Ganfeng will own 67% of the JV. Lithium Argentina will hold 33%. Key development, financing, budget decisions require both partners. * Ganfeng’s Salta team will operate the JV. Partners will fund in proportion to ownership pending completion of project-level financing. * Transaction completion is expected in September 2026. Projects will be consolidated under Millennial Lithium B.V., a Dutch holding company. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lithium Argentina AG published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608240700PRIMZONEFULLFEED1001259037) on August 24, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)