On August 24, Ganfeng Lithium announced that Ganfeng International and LAR have signed a series of definitive key agreements for the joint development of the PPGS lithium brine project, which will be consolidated under Millennial.
Upon completion of the integration, Ganfeng International and LAR will hold 67% and 33% equity stakes in Millennial, respectively, and will jointly own the project interests in proportion to their shareholdings.
The project is planned to be developed in three phases, with a total design capacity of 150,000 tonnes of lithium carbonate equivalent (LCE). The integration is expected to be completed by the end of the third quarter of 2026, with RIGI approval to be obtained before the end of the year.
Edited by Cassie Li, lixiangying@mysteel.com
