Lithium Americas shareholders approve split between U.S. and Argentina businesses
BNN Bloomberg
Lithium Americas Corp. says shareholders have approved its split into two companies.
The Vancouver-based company says shareholders voted in favour of separating the company into two entities: Lithium Americas (Argentina) Corp., and a new Lithium Americas Corp.
President and CEO Jonathan Evans says the Lithium Argentina team will advance the Cauchari-Oloroz project, while the Lithium Americas team will advance the Thacker Pass project.
The separation is targeted to become effective this October, subject to regulatory approvals and closing conditions.
U.S. markets ticked slightly lower and oil prices rose early Tuesday as the war in the Middle East continued a day after U.S. President Donald Trump said the United States had made progress in talks with the Islamic Republic to end the conflict.
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Relief is ripping through financial markets after U.S. President Donald Trump said the United States has talked with Iran about a possible end to their war, despite Iran’s denials.