LITHIUM INVESTMENT
Niche minerals company Lithium Americas has signed an investment agreement with China's Ganfeng Lithium for funding to advance the construction of the Cauchari-Olaroz lithium project, in Jujuy, Argentina.
Ganfeng this week agreed to finance $174-million and the right to buy a fixed portion of the lithium carbonate equivalent (LCE) production from the Cauchari-Olaroz project, as well as a $125-million project debt facility.
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