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BRIEF-Lithium Americas Announces US$160 Mln Project Investment By Ganfeng Lithium In Caucharí-Olaroz

Published 2019-04-01, 08:17 a/m
© Reuters.  BRIEF-Lithium Americas Announces US$160 Mln Project Investment By Ganfeng Lithium In Caucharí-Olaroz
LAAC
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April 1 (Reuters) - Lithium Americas Corp LAC.TO :

* LITHIUM AMERICAS ANNOUNCES US$160 MILLION PROJECT INVESTMENT BY GANFENG LITHIUM IN CAUCHARÍ-OLAROZ AND PARTIES TO JOINTLY EVALUATE AN INCREASE TO 40,000 TPA

* LITHIUM AMERICAS CORP - LITHIUM AMERICAS AND GANFENG LITHIUM TO FORM 50/50 JOINT VENTURE

* LITHIUM AMERICAS CORP - LAC AND GFL WILL EACH OWN A 50% EQUITY INTEREST IN CAUCHARÍ-OLAROZ, ADJUSTED FROM CURRENT 62.5% AND 37.5% INTERESTS

* LITHIUM AMERICAS CORP - CONSTRUCTION REMAINS ON TRACK FOR FIRST PRODUCTION IN H2 2020 IN CAUCHARÍ-OLAROZ

* LITHIUM AMERICAS CORP - LITHIUM AMERICAS AND GANFENG LITHIUM TO FORM 50/50 JOINT VENTURE

* LITHIUM AMERICAS CORP - LAC AND GFL WILL EACH OWN 50% EQUITY INTEREST IN CAUCHARÍ-OLAROZ, ADJUSTED FROM CURRENT 62.5% AND 37.5% INTERESTS, RESPECTIVELY

* LITHIUM AMERICAS - CONSTRUCTION ACTIVITIES AT CAUCHARÍ-OLAROZ CONTINUE TO ACCELERATE AS PLANNED WITH US$60 MILLION ADVANCED TO PROJECT IN Q1 2019

* LITHIUM AMERICAS CORP - LITHIUM AMERICAS IS EXPECTED TO REMAIN FULLY-FUNDED TO ADVANCE CAUCHARÍ-OLAROZ TO PRODUCTION

* LITHIUM AMERICAS CORP - AS A RESULT OF PROJECT INVESTMENT, GANFENG LITHIUM WILL INCREASE ITS INTEREST IN CAUCHARÍ-OLAROZ FROM 37.5% TO 50%

* LITHIUM AMERICAS CORP - GANFENG LITHIUM HAS AGREED TO SUBSCRIBE FOR APPROXIMATELY 141 MILLION SHARES OF MINERA EXAR FOR CASH CONSIDERATION OF US$160 MILLION

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