Ganfeng Lithium has announced a significant partnership with LAR, involving its wholly-owned subsidiary Ganfeng International. Together, they will embark on the development of the Pozuelos-Pastos Grandes salt lake basin in Argentina. This collaboration encompasses the integration of three lithium salt lake projects: the PPG project solely owned by Ganfeng Lithium, the jointly held PG project (Ganfeng Lithium with 14.89% and LAR with 85.11%), and the Puna project under Millennial (Ganfeng Lithium with 35% and LAR with 65%). Upon integration, these projects will be collectively known as the "PPGS Lithium Salt Lake Project." Following the completion of this integration, Ganfeng International and LAR will hold equity stakes of 67% and 33%, respectively, in Millennial, jointly overseeing the PPGS project on a proportional basis.

Looking ahead, Millennial intends to adopt state-of-the-art direct lithium extraction technology and implement the project in three phases. The ultimate goal is to establish a production capacity capable of yielding 150,000 tons of LCE lithium products annually.