Lithium americas and ganfeng lithium announce caucharÍ-olaroz jv transaction and provide construction update

Lithium americas and ganfeng lithium announce caucharÍ-olaroz jv transaction and provide construction update.lithium americas corp - ganfeng lithium has agreed to subscribe for new shares of minera exar for cash consideration of us$16 million.lithium americas corp - caucharÍ-olaroz remains on budget and schedule to commence production in early 2021..lithium americas corp - upon completion of transaction, company and ganfeng lithium will own 49% and 51% of minera exar, respectively.lithium americas corp - both parties have agreed to 2020 funding schedule, including investment of up to us$400 million, in agreement.lithium americas corp - will receive $40 million in cash from proceeds of non-interest-bearing loans from ganfeng lithium.lithium americas - upon deal completion, ganfeng lithium will become controlling shareholder of minera exar.lithium americas corp - proceeds will be used by minera exar for purpose of advancing construction and development of caucharÍ-olaroz.
LAC Ratings Summary
LAC Quant Ranking