Ganfeng International Boosts Ownership in Mali Mining Company by 5%

Ganfeng International Increases Stake in Mali Mining Company

On January 19th, Ganfeng International increased its stake in the Mali lithium industry by 5% for $65 million. After the acquisition, Ganfeng will hold a 60% stake in the Goulamina project, while LEO will hold a 40% stake. Construction and mining activities for the project are continuing as planned. As of the end of Q4 2023, the project progress is approximately 60% complete. The first batch of lithium concentrate is scheduled to be produced in Q2 of 2024.