They Have all Permits and POSCO is Funding so you are 100% Wrong please post supporting Info and I will look into that. Link below supports my 100 % permits and if you read the PRESENTATIONS September 2015
Western Lithium Corporate Presentation (PDF)
I Post that link at the top of the Board.
Lithium Americas (and their Argentina-based Cauchari-Olaroz Project) was a past holding of the Partnership - I even conducted a site visit to the property in mid-2012. At current lithium prices, the project is very much economic and, given the fact that LAC has already released a Feasibility Study and received full mining permits, construction in theory could begin as soon as the initial capex of $320m has been raised.
This "merger of equals" (and the addition of the Cauchari-Olaroz project to Western Lithium's development pipeline) will certainly affect future milestones. In fact, in the initial press release announcing the proposed merger, WLC management suggested that the development of the Kings Valley Lithium project would be deferred to accommodate the "fast-tracking" of Cauchari-Olaroz. More specifically, management stated the possibility of "potential revenues from Lithium America's Cauchari-Olaroz project under a contemplated two-year development timeline, and potential revenues from Western Lithium's Kings Valley project under a contemplated four-year development timeline".
The beauty of this arrangement is that Western Lithium should see first production from Cauchari-Olaroz in mid-2017 - precisely as Tesla begins to scale up production to commercial volumes at its Nevada gigafactory. In theory Western Lithium could supply Tesla with lithium directly but, in the absence of this exciting possibility, at the very least WLC will be able get a foothold in the lithium market far faster than if they'd focused on the Kings Valley project alone. Additionally, first production at Kings Valley, which is expected in mid-2019, will coincide very nicely with the next wave of lithium ion battery plants
