Lithium Americas Corp (LAAC)

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Some items in the conf call:

SQM did intensive due diligence on the validity of the project.

SQM was chosen for many reasons, but the most important was to de-risk the project.

LAC maintains a cordial relationship with POSCO, but decided SQM was best for the shareholders as the major partner.

The Argentina project should produce 40k t lithium carbonate a year for 40 years. And 80k potash a year. LAC gets half the production, so 20k and 40k respectively. This amount is actually equal to what the 2012 feasibility study claimed anyway for production (20k/year).

Project financing still TBD...both partners need to be responsible for their half.

The board of directors for the Argentina project consist of 2 SQM and 2 LAC.

I think production was mentioned as 2018. But i wasn't sure about that.

No mention of Nevada, or Hecatone...although that was not the purpose of the call.

Overall,I could sense the excitement of Tom and John. Pretty cool.