Lithium argentina closes pastos grandes transaction with ganfeng lithium

Vancouver, british columbia, aug. 16, 2024 (globe newswire) -- lithium americas (argentina) corp. (tsx/nyse: laac) (“lithium argentina” or the “company”) is pleased to announce the completion of the previously announced agreement (the “transaction”) with a subsidiary of ganfeng lithium co. ltd. (“ganfeng lithium”,) whereby ganfeng lithium acquired $70 million in newly issued shares of proyecto pastos grandes s.a. (“pgco”), the company's wholly-owned argentinian subsidiary holding the pastos grandes project (“pastos grandes”) in salta, argentina, representing a 14.9% interest in pgco and pastos grandes.
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