Completion of Bacanora’s tender offer to acquire Ganfeng Lithium Industry’s lithium resources layout

On the evening of August 8, Jiangxi Ganfeng Lithium Industry C.

According to Ganfeng Lithium, Bacanora was established in 2018, and its main business is lithium clay resource project managemen.

On the evening of May 6 last year, Ganfeng Lithium disclosed in its announcement that Shanghai Ganfeng planned to use its own funds to make a tender offer for all the issued shares of Bacanora (except for the shares already held by Shanghai Ganfeng), and the transaction amount should not exceed 190 million pounds (about 55 billion yuan.

Ganfeng Lithium's 2021 annual report shows that as of now, the company's lithium resources can be mainly divided into three resource type.

In terms of overseas projects, the main overseas projects that Ganfeng Lithium has invested and started construction are: the Cauchari-Olaroz lithium salt lake project in Argentin.

The reporter learned from Ganfeng Lithium that since the beginning of this year, Ganfeng Lithium has deployed lithium resources many times around the world: on May 30, Ganfeng's Mariana Salt Lake Project in Salta Province, Argentina starte.

On July 11, Ganfeng Lithium's board of directors agreed that its wholly-owned subsidiary Ganfeng International or its wholly-owned subsidiary would acquire no more than 100% of Lithea's share.

The high prosperity of the lithium battery industry has also made the performance of Ganfeng Lithium continue to grow: in 2021, the company's revenue is 1162 billion yuan, a year-on-year increase of 1007%, and its net profit is 228 billion yuan, a year-on-year increase of 4126%; in the first quarter of this year, revenue was 565 100 million yuan, a year-on-year increase of 2391%, and a net profit of 525 billion yuan, a year-on-year increase of 6441.