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GANFENGLITHIUM Agrees to Provide Max. AUD150M Financial Support to JV at 7% p.a.
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GANFENGLITHIUM (01772.HK) announced that the company or its controlling subsidiaries have agreed to provide financial support of up to AUD150 million to the joint venture Mt. Marion Lithium Pty Ltd, with an annual interest rate of 7% for a term of 5 years, primarily for the daily operations of its Australian Mt Marion spodumene project. GANFENGLITHIUM stated that this financial support will result in a certain cash outflow for the company, but will not affect its normal operations and fund usage. AAStocks Financial News |
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