Ganfeng Lithium and the Malian government signed an equity transfer agreement

Ganfeng Lithium announced that its wholly-owned subsidiary Ganfeng International transferred 35% of LMSA's equity to the Malian government, including 10% of dry shares obtained for free. The Malian government acquired 25% of LMSA's equity for approximately US$32 million and promised to provide tax incentives to support the development and construction of the Goulamina spodumene phase II project.