Lithium Africa and Ganfeng Lithium Establish Strategic Exploration Partnership

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Lithium Africa Resources Corp. and Ganfeng Lithium Group Ltd.  today announced the completion of a strategic partnership to accelerate the exploration and development of lithium pegmatite resources across Africa.

Through the partnership, Ganfeng Lithium has acquired a 19.9% interest in Lithium Africa and together, Ganfeng Lithium and Lithium Africa have established a 50/50 joint venture partnership (the “Exploration Partnership“) to hold and operate Lithium Africa’s highly prospective lithium portfolio, covering over 2,500 km2, across Ivory CoastGuineaMali and Zimbabwe.

Lithium Africa has assembled a team of over 30 exploration professionals and geologists with experience in resource development in Africa, within established mining companies. The Exploration Partnership establishes a vehicle focused on systematically exploring, identifying and defining new lithium deposits, benefiting from the significant technical and operational experience of Lithium Africa and the global lithium expertise of Ganfeng Lithium.

“Ganfeng Lithium’s strategic partnership with and investment in Lithium Africa is designed to accelerate the discovery and development of new lithium resources to meet the demand and scale needed by our customers,” commented Wang Xiaoshen, Vice Chairman and President of Ganfeng Lithium. “Exploration in Africa provides a critical opportunity to build a diversified global lithium supply chain in a responsible and cost-effective manner. Our partnership with Lithium Africa supports further investment in a historically underexplored and highly prospective region.”

“Through our work with Ganfeng Lithium to date, we are confident in our partnership’s strategy in establishing the leading lithium exploration company in Africa,” commented Carl Esprey, Lithium Africa’s Founder and CEO. “Ganfeng Lithium’s investment and partnership demonstrates their commitment and aligned exploration vision with Lithium Africa. By continuing to advance our exploration portfolio, we hope to ensure all stakeholders can participate in the broad, sustainable benefits in responsibly developing Africa’s lithium resources.”

Lithium Africa, in partnership with Ganfeng Lithium, continues to advance exploration programs across four core regions. The Company is led by a board of directors consisting of CEO Carl EspreySam Pigott and Tyron Breytenbach. Lithium Africa plans to pursue a public listing over the next 18 months to support the exploration plans and growth strategy.

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