M&A

Ganfeng to buy Millennial for C$353M

China's Ganfeng Lithium is to pay up to C$353 million to acquire Argentina-focused Millennial Lithium, the company behind the Pastos Grandes and Cauchari East projects in Argentina.

Millennial Lithium's Pastos Grandes project in Salta, Argentina

Millennial Lithium's Pastos Grandes project in Salta, Argentina

Ganfeng will bid $3.60 per share, an 8.4% premium of 8.4% to Millennial's closing price on Thursday, with the offer approved by Millennial's board and management. At Pastos Grandes, a pilot plant developed...

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