Chinese firm enters Argentine lithium project

Chinese firm enters Argentine lithium project

Corporate & Sovereign Strategy M&A Argentina Canada China Energy

Canadian gold and lithium miner Ultra Lithium said it reached a deal to sell a 65% stake in its Argentine subsidiary to China's Zangge Mining Investment for $50 million, bringing in fresh funds to move ahead with a brine lithium project in Argentina. Zangge will pay $10 million for the stake in Ultra Argentina and invest the remaining $40 million in the Laguna Verde project in the northwestern province of Catamarca, Ultra Lithium said in a press release. Exploration studies have found that Lagun

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