Thursday, September 14, 2017 12:27:30 PM
LACDF..
Reason 1)
Joint venture with player SQM
Tom Hodgson, Chief Executive Officer of LAC, commented, "SQM is the world leader in lithium production with decades of development and operating experience and a strong team of technical and commercial talent. It also has a track record of success as a partner in many global joint ventures. One of the principal objectives of the Joint Venture is to leverage the technical experience of SQM to materially de-risk the development of Cauchari-Olaroz and to successfully advance the project to bring new supply to the market on a timely basis. Lithium plays an important strategic role in the energy revolution and it is critical that our industry respond by delivering more supply to meet increasing demand."
Reason 2)
Lithium Americas Announces US$112 Million Strategic Investment by Bangchak Petroleum
Reason 3)
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 17, 2017) - Lithium Americas Corp. (LAC.TO)(LACDF) ("Lithium Americas" or the "Company") is pleased to announce it has signed an investment agreement (the "Investment Agreement") with GFL International Co., Ltd. ("Ganfeng") for funding to advance the construction of the Cauchari-Olaroz lithium project in Jujuy, Argentina. Pursuant to the Investment Agreement, Ganfeng has agreed to financing terms in an aggregate amount of US$174 million in exchange for 19.9% of the outstanding common shares of Lithium Americas pro-forma (the "Private Placement"); the right to buy a fixed portion of the lithium carbonate production from the Cauchari-Olaroz project (the "Offtake Entitlement"); and a US$125 million project debt facility (the "Project Debt Facility").
Reason 4) increasing demand for lithium powered electric cars. The more battery factories they build around the world the increased demand for lithium.
Reason 5) The demand for lithium in the power grid and utility sector is expected to exceed the demand for lithium used in battery production and in mobile devices combined by more than 30 fold.
Battery factories
Tesla Reno Nevada
Tesla Australia
Queensland Premier Annastacia Palaszczuk has thrown her support behind a proposal to build a Tesla-style battery factory in Townsville.
Ms Palaszczuk said on Thursday she backed a Boston Energy-led consortium plan to build the $US1.6 billion ($A2.0 billion) lithium-ion manufacturing plant in the city.
Panasonic Corporation (OTC: PCRFY) on April 27 announced that it held an opening ceremony for a new automotive lithium-ion battery factory in Dalian, China. The factory is Panasonic's first automotive battery cell production site in China.
The company, which has offices in the ACT, Sydney and Darwin, claims the factory will be the Southern Hemisphere’s first facility producing semi-solid state lithium-ion batteries, which it says are uniquely optimised for warm climates.
The plant, to be named ‘Renaissance One’, is expected to have seven production lines – due to become operational in late 2018 – and looks likely to include rooftop solar panels, although no details on this aspect of the plant have been revealed.
Recent LAAC News
- Lithium Argentina Closes Pastos Grandes Transaction with Ganfeng Lithium • GlobeNewswire Inc. • 08/16/2024 12:11:38 PM
- Lithium Argentina Reports Second Quarter 2024 Results • GlobeNewswire Inc. • 08/13/2024 11:16:07 PM
- Lithium Argentina to Release Second Quarter 2024 Results on August 13, 2024 • GlobeNewswire Inc. • 07/17/2024 09:00:00 PM
- Lithium Argentina Reports 2024 Annual General and Special Meeting Results • GlobeNewswire Inc. • 06/20/2024 09:52:12 PM
- Lithium Argentina Publishes 2023 Sustainability Report • GlobeNewswire Inc. • 06/20/2024 01:16:44 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/14/2024 10:08:51 AM
- Lithium Argentina Reports First Quarter 2024 Results • GlobeNewswire Inc. • 05/13/2024 09:27:54 PM
- Lithium Argentina to Release First Quarter 2024 Results on May 13, 2024 • GlobeNewswire Inc. • 04/22/2024 08:43:00 PM
- Lithium Argentina Reports Fourth Quarter and Full Year 2023 Results • GlobeNewswire Inc. • 03/21/2024 12:01:08 AM
- U.S. Index Futures Trade Sideways Amid Anticipation of Fed’s Policy Update; Oil Prices Dip • IH Market News • 03/20/2024 11:17:32 AM
- Lithium Argentina Announces Appointment of Two New Board Members • GlobeNewswire Inc. • 03/19/2024 09:42:58 PM
- Lithium Argentina Announces Ganfeng Lithium Agrees to Acquire Interest in Pastos Grandes for $70M • GlobeNewswire Inc. • 03/05/2024 02:26:41 PM
- Lithium Argentina Announces Appointment of new President and CEO • GlobeNewswire Inc. • 02/26/2024 09:15:00 PM
- Lithium Argentina Announces 2023 Production Results for Caucharí-Olaroz • GlobeNewswire Inc. • 01/10/2024 09:02:47 PM
- Lithium Americas Provides Thacker Pass Update with Q3 2023 Carve-Out Financials and MD&A • GlobeNewswire Inc. • 11/09/2023 09:58:16 PM
- Lithium Argentina Reports Third Quarter 2023 Results • GlobeNewswire Inc. • 11/07/2023 10:24:10 PM
- Lithium Americas Closes Separation to Create Two Leading Lithium Companies • GlobeNewswire Inc. • 10/03/2023 08:00:59 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM