The move seeks to combine two neighbouring projects operated by the companies in the Pastos Grandes basin, located in the Argentine’s side of South America’s lithium triangle, close to Lithium Americas’ Caucharí-Olaroz. This lithium brine project is expected to enter production in H1 2023.
“The significant synergies between our two projects and a better understanding of the basin will enable us to advance development planning and maximize our growth pipeline in Argentina,” chief executive officer Jonathan Evans said in the statement.
The deal, expected to close in the third quarter of 2023, comes as Lithium Americas goes through a business transformation that will see it separate its North American and Argentine businesses into two independent public companies.
The new Lithium Americas company, to be headed by Evans, will own the Thacker Pass lithium project in Nevada and investments in Green Technology Metals (ASX: GT1)…
