New from Lithium Americas yesterday. see below.
Lithium Americas Announces the Appointment of Executive Vice President, Finance and Corporate Development
August 11, 2016
VANCOUVER, Canada: Lithium Americas Corp. (the “Company” or “LAC”; TSX: LAC; OTCQX: LACDF) is pleased to announce the appointment of Myron Manternach as Executive Vice President, Finance and Corporate Development, effective immediately.
Mr. Manternach has over 20 years of experience in corporate finance, mergers and acquisitions, and investment management. He worked as an investment banker at JPMorgan Chase & Co. and as an analyst and manager of global alternative investment funds with significant experience in natural resources and emerging market credit and equity. Most recently he was a Managing Director and Senior Portfolio Manager of Ambac Assurance Corp., a subsidiary of Ambac Financial Group. He is chairman of Wellgreen Platinum Ltd. and was previously a director of Lithium Americas Corp. prior to its merger with Western Lithium. Mr. Manternach holds a BS degree in Electrical Engineering with distinction from Iowa State University and an MBA from the Wharton School of the University of Pennsylvania.
In March of this year, Lithium Americas announced a joint venture to develop the Cauchari-Olaroz lithium project in the Jujuy province of Argentina with Sociedad Química y Minera de Chile S.A. (“SQM”). Discussions with financial advisors and a wide range of potential investors have commenced and various financing paths are being explored. Among other duties, Mr. Manternach is expected to represent LAC in these upcoming financing discussions.
Tom Hodgson, Chief Executive Officer of LAC, commented. “We welcome Myron to the senior executive team at LAC. We have known Myron for years, and his skill set, experience and network of global relationships is perfectly suited to make an immediate contribution to our JV team on financing related matters. The Cauchari project is on the eve of representing significant employment and investment into the province of Jujuy that will benefit the province for generations, and Myron’s appointment is an important commitment to that effort.”
About the Company
The Company is developing the Cauchari-Olaroz lithium project, located in Jujuy province, Argentina, and the Lithium Nevada project (formerly Kings Valley project) in Nevada, USA, with the intent to become a major supplier of lithium products. In addition, Lithium Americas is a supplier of specialty drilling additives, Hectatone™ and other organoclay products for the oil and gas and other industries.
For further information contact:
Lithium Americas Corp.
Investor Relations
Suite 1100 – 355 Burrard Street
Vancouver, BC, V6C 2G8
Telephone: 778-656-5820
Email: ir@lithiumamericas.com
Website: www.lithiumamericas.com
