Mining News

Firefinch receives first payment from Ganfeng

ASX-listed Firefinch has received its first $39-million payment from joint venture (JV) partner Ganfeng Lithium Co, after Chinese regulators approved the JV over the Goulamina lithium project.

The two companies earlier this year struck an agreement under which Ganfeng would make a $130-million cash investment in return for a 50% interest in the Goulamina project vehicle, and would also secure up to $64-million in debt funding that would bring the Goulamina project, in Mali, into production.

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