Lithium Argentina Closes Pastos Grandes Transaction with Ganfeng Lithium [Financial Post (Toronto, Ontario, Canada)]
Lithium Americas (Argentina) Corp. Common Shares (LAAC)
Company Research
Source: Financial Post
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. “The completion of this Transaction is an important step forward for the combined efforts of Lithium Argentina and Ganfeng Lithium in Argentina emphasizing the collaboration and shared commitment of both companies to innovate and responsibly progress the global clean energy transition,” commented Sam Pigott, President and CEO of Lithium Argentina. “Proceeds from the Tran
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News
- Lithium Miners News For The Month Of August 2024 [Seeking Alpha]Seeking Alpha
- Lithium Argentina Closes Pastos Grandes Transaction with Ganfeng LithiumGlobeNewswire
- Lithium Americas (Argentina) Corp. (NYSE: LAAC) was upgraded by analysts at Hsbc Global Res to a "strong-buy" rating.MarketBeat
- Lithium Americas (Argentina) Corp. (NYSE: LAAC) had its price target lowered by analysts at Scotiabank from $8.00 to $4.25. They now have a "sector outperform" rating on the stock.MarketBeat
- Lithium Americas (Argentina) Corp. (NYSE: LAAC) was upgraded by analysts at HSBC Holdings plc from a "hold" rating to a "buy" rating.MarketBeat