Currently LLL market cap $461m with ~$80m cash, enterprise value is $381m (USD$255m).
China’s Ganfeng to pay nearly US$1 billion for its third lithium mine in Argentina to bolster resource for electric vehicle batteries
- Ganfeng Lithium agreed to pay US$962 million for all of Lithea, which operates the Pozuelos-Pastos Grandes lithium salt lake projects in northwestern Argentina
- The projects, with a combined resource volume estimated at 11 million tonnes of lithium carbonate, rank third among Argentina’s 10 largest deposits
Eric Ng
Published: 3:00pm, 12 Jul, 2022
Ganfeng Lithium, China’s largest producer of lithium salts, has agreed to pay US$962 million for a lithium brine deposit in Argentina, its third in the South American nation, to bolster its hoard of resources for producing electric vehicle battery packs.
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