BRIEF-Ganfeng Lithium To Buy No Less Than 14.8% Stake In Proyecto Pastos Grandes S.A.

Reuters03-05

March 5 (Reuters) - Ganfeng Lithium Group Co Ltd

* SAYS IT OR UNIT PLANS TO BUY NO LESS THAN 14.8% STAKE IN PROYECTO PASTOS GRANDES S.A. FOR UP TO $70 MILLION

* SAYS PROCEEDS WILL BE USED FOR DEVELOPMENT AND CONSTRUCTION OF THE PASTOS GRANDES BASIN LITHIUM SALT LAKE PROJECT IN ARGENTINA

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(Reporting by Beijing newsroom)

((Ella.Cao@thomsonreuters.com;))

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