The other new company, Lithium International, will focus on the Argentine assets, the parent company said. These include the 44.8% interest in the Caucharí-Olaroz lithium brine project in Jujuy, which is advancing towards first production; the full interest in the Pastos Grandes lithium brine project in Salta, and the 17% investment in Arena Minerals (TSXV: AN). The CEO of Lithium International wasn’t named.
“Separating the North American and Argentine businesses will facilitate unlocking the full potential of their significant asset base to deliver maximum value to our shareholders and other stakeholders,” Evans said in the release. “Upon completion of the separation, Lithium Americas shareholders will retain ownership in two leading lithium businesses.”
Demand for lithium is soaring as companies try to secure sources of the element for electric vehicle batteries, mobile phones and other modern technology to lower…
