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Lithium Americas completes JV restructuring, shares up

Aug 28, 2020

Source: https://www.mining.com/lithium-americas-completes-jv-restructuring-shares-up/

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Image courtesy of Lithium Americas Corp.

Lithium Americas (TSX, NYSE: LAC) has completed its previously arranged transaction with partner Ganfeng Lithium in respect of the ownership structure on the Caucharí-Olaroz lithium project currently under development in Jujuy, Argentina.

As per the prior agreement, Ganfeng has subscribed for new shares of Minera Exar SA, the joint venture company that holds the Caucharí-Olaroz project, for cash consideration of $16 million.

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Image courtesy of Lithium Americas Corp.

As per the prior agreement, Ganfeng has subscribed for new shares of Minera Exar SA, the joint venture company that holds the Caucharí-Olaroz project, for cash consideration of $16 million.

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