Lithium Africa and Ganfeng Lithium Deepen Partnership on Mines in Africa

On 11 February 2026, Lithium Africa Resources and Ganfeng Lithium (SZSE: 002460; HKSE: 1772) are forming a 50/50 Joint Venture (JV) to cooperate on mines in Africa. The JV intends to explore, define and develop new lithium deposits in several African countries.

The strengthening of the partnership follows the successful operationalization of the Goulamina #lithium mine in Mali and the buyback of Lithium Africa shares by Ganfeng. The Goulamina mine is currently owned by Lithium of Mali S.A (LMSA), which is a 65/35 split between Ganfeng Lithium and the Government of Mali.

Lithium Africa Resources completed the merger with Canada’s Lombard Street Capital to form Lithium Africa Corporation (TSXV: LAF), which is listed on the Toronto Venture Exchange. Lithium Africa and Ganfeng have cooperated since 2023. The recent visit of Canadian Carney to China provided a positive signal for deepening the relationship.

The JV holds four permits in the Adzope region of Cote d’Ivoire covering some 1,254 square kilometers. In Guinea, the JV has permits on a plot of 376 square kilometers. Lithium Africa has also set its sights on Zimbabwe and Morocco.

Ganfeng has sales channels and is vertically integrated in the lithium value chain, from mining, refining, and the manufacturing of batteries. On the other hand, Lithium Africa brings to the table its ability to raise capital on the Toronto Stock Exchange and a portfolio of mining licenses.