Summary by Moomoo AI
GANFENGLITHIUM's wholly-owned subsidiary, GANFENG International, recently applied for a $50 million financing guarantee from a third-party Institutions for its holding subsidiary, Minera Exar, to secure the daily Operation of the Cauchari-Olaroz lithium salt lake project in Argentina. As of the announcement date, GANFENG International's actual guarantee amount for Minera Exar is $0.17 billion, equivalent to approximately 1.222 billionllion RMB, within the company's approved guarantee limit of 2 billion RMB. Another Shareholder of Minera Exar, Lithium Americas (Argentina) CORP, provides a counter-guarantee to GANFENG International based on its shareholding ratio.In addition, GANFENG International has decided not to convert the previously invested $15 million into equity in Singapore's SRN company for a 25% stake in FE Resources Pte. Ltd...Show More