On July 1st, Gelonhui announced that through its two-tier channel companies, including Tibet Summit Resources (Hong Kong) Co., Ltd., which it controls 87.5%, the company currently controls the subsidiary, Argentina Lithium and Potassium Co., Ltd. (hereinafter referred to as "Argentina Lithium and Potassium"), which is located in the province of Salta, Argentina, is advancing investment and construction of the "annual output of 30,000 tons of lithium carbonate in the Andes Lithium Salt Lake Mining Rights Consortium."
On June 28, 2024, local time in Argentina, the "Annual Output of 30,000 Tons of Lithium Carbonate in the Andes Lithium Salt Lake Mining Rights Consortium Project" officially obtained the "Environmental Impact Statement" (DIA) issued by the relevant department of Salta Province.
