Lithium Americas Corp (LAAC)

[G8trlongonlith]

A good day for LAC's JV Partner, SQM:

Canada's Nutrien auctions remaining shares in lithium miner SQM for nearly $1 bln
9:55 AM ET, 06/01/2018 - Reuters

SANTIAGO, June 1 (Reuters) - Canadian fertilizer company Nutrien auctioned its remaining stake in Chile lithium miner SQM on Friday for nearly $1 billion, the last step in meeting regulatory commitments after the company was formed in January by the merger of Agrium and Potash Corp of Saskatchewan.

The nearly 20.17 million B-series shares in SQM sold on Chile's IPSA stock exchange for 31,000 pesos ($49.05) per share.

China's Tianqi Lithium Corp last month said it would buy nearly a quarter of the lithium miner for $4.1 billion, gaining it coveted access to a key ingredient in rechargeable batteries that power mobile phones and electric cars.


SQM was UP 3.69% today and is up 14.87% for the last 3 months.

I don't know, but, IMHO, there's no reason why Tianqi wouldn't want LAC's Li production. Either way, I don't think LAC will need to look too hard for buyers for its Li production (recall the article Jet recently posted re Pilbara being completely out of Li -- nothing to sell any buyers because all of it's been spoken for with offtake agreements already in place).

It's getting very interesting.

LAC longgggggg!!! G8tr