Ganfeng Lithium, a major player in the lithium industry, has recently increased its equity interests in Mali Lithium B.V., which will boost its stake in the Goulamina Project in Mali. This development was approved during the Sixty-eighth Meeting of the Fifth Session of the Company’s Board of Directors on September 6, 2023.
Key Details of the Acquisition:
- Increased Stake: Post-acquisition, Ganfeng Lithium will hold up to 60% equity in Mali Lithium.
- Goulamina Project: The company’s indirect interest in the Goulamina Project, a significant lithium pyroxene venture in Mali, will also increase to a maximum of 60%.
- Leo Lithium’s Role: Leo Lithium, established in 2022 and listed on both the Australian and Frankfurt Stock Exchanges, is the entity primarily involved in the exploration and development of the Goulamina Project. It is the main business subsidiary of Mali Lithium.
Strategic Significance: 
This acquisition marks a significant step for Ganfeng Lithium in expanding its global footprint, especially in the African lithium market.
