Lithium Americas Corp (LAAC)

[overlordpeter]

WESTERN Lithium smart move investors should take a second look how they used experience to secure this 40 year treasure. Progression is well on the way.

Argentina mine shovel-ready. It is finalizing financing with a Korean partner that has already committed to providing 100% financing for the mine and the production. The recent rise in the lithium price probably gave the Koreans more urgency to start the lithium mine as soon as possible because, unlike China, Korea cannot produce any lithium. All its lithium has to be imported, so it was probably hurt the most from the recent lithium squeeze. That means Western Lithium is in a very good position to negotiate the best terms, enabling it to move into production as soon as next year, 2017.