“We appreciate our shareholders’ vote of confidence in our strategy which aims to strengthen Lithium Argentina’s position with expanded financial and strategic flexibility going forward,” president and CEO Sam Pigott said in a release.
Lithium Argentina’s main holding is the Caucharí-Olaroz project, where it has 44.8% to Ganfeng Lithium’s 46.7%. The project began producing in 2023 and the Chinese company has agreed it won’t acquire its partner or a controlling interest.
Divest order
In 2022, Ottawa forced Chinese investors to divest from several lithium juniors with assets outside of Canada based on national security concerns. Last year, Solaris Resources (TSX: SLS; NYSE: SLSR) said it was moving to Swizerland from Canada because of a national security review. China’s Zijin Mining wanted to invest C$130 million in its Warintza project in Ecuador.
Lithium Argentina is going to the same Swiss…
