There has been rumors that LAC will sell of Minera Exar S.A.That is a company of Lithium America Corp. publicly listed in the Toronto Stock Exchange with the symbol "LAC" that closed its financing of $45 millions in May this year.
The talk is LAC will not be able to come up with there half of the estimated to cost a total of 500-600 mln, how in the world is LAC going to come up with the half of that? The market cap on LAC is only 177mln, and they are expected to raise or borrow 300 mln for the project?
you never know LAC has connection to Magna International Inc Jan. 07, 2010 is understood to have participated in a $10.5-million equity financing by Toronto-based Lithium Americas Corp. that was completed Dec. 23. The equity deal gives Magna the right to acquire a percentage of any lithium produced by the mining company in exchange for an interest-free loan for some of the money needed to develop the project in Argentina.
There is many options to progress this stock for the share holder along with HIGH RISK compared to other places to Invest. but "If we allow risk to be a fear, then we are sure not to succeed. But, if we approach risk with proper planning, and a good attitude, then most times we can minimize the risk and use it to our advantage."
The project would start in 2018 and is linked to the site Salar de Cauchari and Oraloz.
Entrepreneurs project managers production of lithium carbonate in Salar del Cauchari and Olaroz, in Jujuy, anticipating the Secretary of Mining, Daniel Meilan, who are planning to launch during the first half of 2018 the construction of a plant of 40,000 tons, with investments close to 500 million dollars.
View also: Furor by lithium: they sell 50% of Argentina Mining for US $ 25 million
Shortly "optimization studies on the process of hydrogeology and installation of solar pond, and if construction begins as planned production could begin in the first half of 2019" will be held, said Patricio de Solminihac, CEO of SQM (Sociedad Quimica y Minera de Chile).
The company participates in the consortium led by Minera Exar (controlled by Canada Lithium Americas), along with Magna International manufacturers of batteries, automotive Mitsubishi Corporation and the state jujeña Jemse.
Minera Exar has a package of lithium mining rights over 110,000 hectares, where reserves are estimated at 4.9 million tons of carbonate plus 7.7 million potassium.
There is also this Options are exercisable for a period of five years from the date the option is granted or such greater or lesser period as determined by the Board. Options may be earlier terminated in the event of death or termination of employment or appointment. Vesting of Options is determined by the Board. Failing a specific vesting determination by the Board, options automatically become exercisable incrementally over a period of eighteen months from the date of grant, as to: (i) 25% of the total number of shares under Option immediately upon the date of grant; and (ii) at each six-month interval thereafter, an additional 25% of the total number of shares under Option such that after the 18th month of the option period, 100% of the option will be exercisable. The right to exercise an option may be accelerated in the event a takeover bid in respect of the Common Shares is made. from
Other funding Greenbrook Capital Partners IncGeologic Resource Partners LLC
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