Lithium Americas announced the completion of the previously announced plan of arrangement whereby Lithium Americas has acquired all of the issued and outstanding common shares of Arena. Arena owns 65% of the Sal de la Puna project covering approximately 13,200 hectares of the Pastos Grandes basin located in Salta, Argentina. "With the completion of the acquisition, we have taken a big step towards consolidating the Pastos Grandes basin. While our focus remains on near-term startup of production at Cauchari-Olaroz, the addition of Arena provides increased flexibility as we continue to advance our growth plans in Argentina," said John Kanellitsas, Vice Chairman of Lithium Americas.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on LAC:
- Lithium Americas Completes Acquisition of Arena Minerals
- Lithium Americas price target lowered to $26 from $30 at Deutsche Bank
- Lithium Americas price target lowered to $33 from $36 at Piper Sandler
- Lithium Americas Form 40-F Filed on EDGAR and AIF Filed on SEDAR
- Lithium Americas Reports 2022 Full Year and Fourth Quarter Results