Ganfeng Lithium: Made key progress in joint development of PPGS Lithium Salt Lake project with LAR.

Ganfeng Lithium announced that the company has made significant progress in the development of the Argentina PPGS lithium salt lake project in collaboration with LAR, and has recently obtained the "Environmental Impact Assessment Report" issued by the local government. The project plans to submit a large-scale investment attraction system application in the first half of 2026. After integration, Ganfeng International and LAR respectively hold 67% and 33% equity in Millennial. The project has approximately 15.07 million tons of proven + controlled resources of LCE, with a designed annual production capacity of approximately 150,000 tons of LCE, to be built in three phases. The average operating cost of producing 150,000 tons of LCE per year is $5,027 per ton, and for the first phase of producing 50,000 tons of LCE per year is $5,344 per ton.