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Thursday, October 15, 2020 10:09:32 AM
Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) Recently provided results of a
40,000 tonnes per annum ("tpa") definitive feasibility study ("40,000 tpa DFS"
or "DFS") on the Caucharí-Olaroz lithium project ("Caucharí-Olaroz" or the
"Project") currently under construction in Jujuy Province, Argentina.
Caucharí-Olaroz is 100% owned by Minera Exar S.A. ("Minera Exar"), a 50/50
joint venture between Lithium Americas and Ganfeng Lithium Co., Ltd. ("Ganfeng
Lithium"). Lithium Americas and Ganfeng Lithium have authorized Minera Exar to
proceed with the plan to produce 40,000 tpa of battery-quality lithium
carbonate ("Li [2] CO [3] ") as outlined in the DFS.
"With construction underway and funding in place, the results of the 40,000
tpa DFS further supports Caucharí-Olaroz as a scalable, high-purity source of
lithium carbonate for battery material customers," commented Jon Evans,
President and CEO of Lithium Americas. "We are thankful for the hard work from
the team at Minera Exar, the support from the government of Jujuy, and our
50/50 joint venture partner, Ganfeng Lithium, for their financial and
technical contributions towards optimizing the process design and securing key
equipment for the lithium carbonate plant."
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