Lithium Americas Corp (LAAC)

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Patricio de Solminihac, Chief Executive Officer of SQM, commented, "SQM is committed to the lithium business, both in Chile and abroad. The Salar de Caucharí is a great complement to our existing lithium operations in Chile, and it is located just a few hundred kilometers from the Salar de Atacama. We expect to have similar production processes at both sites, and as a result we should benefit from operating synergies."

Mr. de Solminihac continued, "We are confident that this joint venture will generate value for our shareholders. We believe that SQM's years of experience in the lithium business, and our vast distribution network, combined with LAC's knowledge of the Salar de Caucharí and its stakeholders, will prove to be key advantages that will contribute to the success of this project."

SQM is an almost 6 billion dollar company. In order to contribute to shareholder value, they must see serious $$$ potential in this project. I don't know what this means for POSCO's lithium efforts, but I know what it means for LAC...we are in the game.

http://finance.yahoo.com/news/lithium-americas-sqm-announce-joint-181808950.html