Lithium Americas Corp (LAAC)

[Raffis]

Massive News: “Strategic investors include Magna International with 13.3% and Mitsubishi Corporation with 4%. Both investors are involved with vehicle manufacture and have secured the option to purchase up to 37.5% of lithium output for battery production. The 37.5% off-take option is contingent on the 2 parties providing up to 37.5% of the project financing via interest free loans, and assisting Lithium Americas in securing up to an additional 37.5% in project financing via third party lenders.

Mitsubishi will also provide technical collaboration on studies to recover lithium from brine, and their ultimate goal is to form a joint venture with LAC to put the project into production pursuant to a memorandum of understanding (MOU) executed by the two parties.”
https://www.proactiveinvestors.com/companies/news/75163/lithium-americas-positioned-to-become-major-lithium-producer-10508.html