The Cauchari-Olaroz lithium venture in Jujuy closed US$220 million in debt to fund a phased Stage 2, as Ganfeng and Lithium Argentina expand.
Argentina · Mining
Key Facts
Debt closed US$220 million in new unsecured project debt for Cauchari-Olaroz, split US$50 million (June) and US$170 million (August).
Ownership split Minera Exar is 46.7% Ganfeng Lithium, 44.8% Lithium Argentina, 8.5% JEMSE (Jujuy state).
Guarantee structure Ganfeng guarantees the debt; Lithium Argentina counter-guarantees 49% of the outstanding amount.
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