Another China-based investor attempts investment in a Canadian critical-minerals company in face of warning shot from Ottawa [Globe and Mail, The (Toronto, Canada)]
Lithium Americas (Argentina) Corp. Common Shares (LAAC)
Company Research
Source: Globe and Mail, The
On Tuesday, Vancouver-based Lithium Americas Argentina Corp. (Lithium Argentina) increase said it had attracted a US$70-million investment from China-based Ganfeng Lithium, that would see it take a 15-per-cent stake in its Pastos Grandes project. Ganfeng, one of the world's biggest lithium producers, has the right to acquire up to 50 per cent of the Argentine lithium project for an additional US$330-million in the event of a change in control of Lithium Argentina. This is the second time in the past few years that a China-based giant has attempted to grab control of Pastos Grandes. In 2021, China's Contemporary Amperex Technology Co. Ltd., or CATL, one of the world's biggest electric car battery makers, attempted to buy Canada's Millennial Lithium Corp., which at that time owned Pastos Grandes . Lithium Americas, Lithium Argentina's predecessor company, ended up topping CATL's offer for Millennial. Lithium Argentina said in its Tuesday release that the Ganfeng deal is subject t
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News
- Mining Sector Prepares Ahead of 1,500% Surge in Lithium Demand by 2050PR Newswire
- Mining Sector Prepares Ahead of 1,500% Surge in Lithium Demand by 2050PR Newswire
- Lithium Argentina Reports First Quarter 2024 Results [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Lithium Argentina Reports First Quarter 2024 ResultsGlobeNewswire
- Mining Sector Prepares Ahead of 1,500% Surge in Lithium Demand by 2050PR Newswire