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After Chinese company divested from Calgary lithium firm, mystery firm stepped in

  • The federal government is taking legal action against Gator Capital Ltd. To sell a $34-million stake in Lithium Chile due to national security concerns.
  • Gator Capital Ltd.'s owner, Wing Hong Chan, failed to respond to inquiries about ownership and influence from China, raising further security issues.
  • The application details attempts to contact Chan, revealing connections to Hong Kong and rental services in Canada.
  • Lithium Chile's chief operating officer, Michelle DeCecco, expressed frustration over the divestment order and emphasized the importance of a collaborative strategy for securing lithium.
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The Epoch TimesThe Epoch Times

After Chinese Company Divested From Calgary Lithium Firm, Mystery Firm Stepped In

The federal government is going to court to force a Toronto company to sell a $34-million stake in a Calgary-based lithium firm that it bought off a Chinese company. The government had already deemed the previous Chinese owner’s investment in Lithium Chile Inc. to be harmful to national security, and it says in a Federal Court application that the new buyer has failed to co-operate with efforts to prove it isn’t owned or influenced by China’s go…

·New York, United States
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Republic of MiningRepublic of Mining

After Chinese company divested from Calgary lithium firm, mystery firm stepped in – by Darryl Greer (Canadian Press/CBC News Calgary – February 20, 2025)

https://www.cbc.ca/news/canada/calgary/ Application filed for order directing Gator Capital Ltd. to dispose of shares in Lithium Chile The federal government is going to court to force a Toronto company to sell a $34-million stake in a Calgary-based lithium firm that it bought off a Chinese company. The government had already deemed the previous Chinese owner’s investment ...

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1059theregion.com1059theregion.com

After Chinese company divested from Calgary lithium firm, mystery firm stepped in – 105.9 The Region

The federal government is going to court to force a Toronto company to sell a $34-million stake in a Calgary-based lithium firm that it bought off a Chinese company. The government had already deemed the previous Chinese owner’s investment in Lithium Chile Inc. to be harmful to national security, and it says in a Federal Court application that the new buyer has failed to co-operate with efforts to prove it isn’t owned or influenced by China’s go…

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Sask Today broke the news in on Thursday, February 20, 2025.
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