FFX 0.00% 20.0¢ firefinch limited

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    Thanks thats better
    @zach88k

    http://drc.jiangxi.gov.cn/art/2021/9/30/art_14665_3645637.html

    Xinyu Development and Reform Commission:Reported the "Request for the filing of the application for the filing of financial assistance projects by Ganfeng International, a wholly-owned subsidiary of Jiangxi Ganfeng Lithium Industry Co., Ltd., to Dutch SPV and its wholly-owned subsidiary LMSA" (Yu Fagai Economic and Trade Articles [2021] No. 8) Received. Pursuant to the "Measures for the Administration of Overseas Investment by Enterprises in Jiangxi Province" (Gan Fagai Foreign Investment [2018] No. 565), the acquisition of 15% equity of Dutch SPV by Jiangxi Ganfeng Lithium Industry Co., Ltd. (see back page for details) was put on record. This notice is valid for 2 years. .......


    Back Page direct cut and paste

    Firefinch Limited是澳大利亚一家上市公司(证券代码为FFX),主营业务为在马里从事锂矿、金矿等矿产开发。马里LMSA公司为Firefinch Limited的全资子公司Goulamina Holdings Pty Ltd所持有。LMSA拥有马里南部Goulamina锂辉石矿采矿权。该矿矿区面积100平方公里,开采期30年,已确定资源量为矿石840万吨,氧化锂13.3万吨,平均品位1.57%。Firefinch Limited拟通过Goulamina Holdings Pty Ltd新设荷兰SPV公司,并持有LMSA。

    江西赣锋锂业股份有限公司拟总共增资17000万美元至香港赣锋国际。其中,1.3亿美元用于收购荷兰SPV公司50%股权,获得过半表决权董事会席位;4000万美元用于提供给LMSA的Goulamina 锂辉石矿项目开发建设贷款(5年期不超过SOFR+6%)。投资完成后,江西赣锋锂业股份有限公司将获得Goulamina 锂辉石矿项目一期年产能约45.5万吨锂辉石精矿包销权。

    项目实际出资共分两期。第一期出资3900万美元,获得荷兰SPV公司15%股权;第二期13100万美元视项目进展情况出资。




    (Google Translate)

    Firefinch Limited is an Australian listed company (stock code: FFX). Its main business is the development of lithium mines, gold mines and other minerals in Mali. Mali LMSA is owned by Goulamina Holdings Pty Ltd, a wholly-owned subsidiary of Firefinch Limited. LMSA owns the mining rights of the Goulamina spodumene mine in southern Mali. The mine covers an area of 100 square kilometers and has a mining period of 30 years. The determined resources are 8.4 million tons of ore and 133,000 tons of lithium oxide, with an average grade of 1.57%. Firefinch Limited plans to establish a new Dutch SPV company through Goulamina Holdings Pty Ltd and hold LMSA.Jiangxi Ganfeng Lithium Industry Co., Ltd. plans to increase its capital by a total of 170 million US dollars to Hong Kong Ganfeng International. Among them, 130 million US dollars were used to acquire 50% of the shares of Dutch SPV, and more than half of the voting rights were obtained on the board of directors; 40 million US dollars were used to provide LMSA's Goulamina spodumene project development and construction loan (5 years not exceeding SOFR+6%) . After the investment is completed, Jiangxi Ganfeng Lithium Industry Co., Ltd. will obtain the underwriting right of the first phase of the Goulamina spodumene project with an annual production capacity of approximately 455,000 tons of spodumene concentrate.The actual funding of the project is divided into two phases. The first phase invested 39 million U.S. dollars to obtain 15% equity of Dutch SPV; the second phase of 131 million U.S. dollars depends on the progress of the project.
    Last edited by ipv6ready: 11/10/21
 
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