Western Lithium and Lithium Americas merge

• Autores: Laura Syrett
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 574, 2015 (Ejemplar dedicado a: Julio/Agosto)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • Under the terms of the deal, Western Lithium will acquire all the outstanding shares in Lithium Americas in a transaction that values the company at Canadian dollar (C$) 80m ($64m*), but Lithium Americas' CEO, John Kanellistas, told IM that the move was a "merger of equals", rather than a buy-out.

    "The spirit of the agreement is one of strategically combining our two companies," he said. "We've been talking about this deal since 2012 and decided that the time was right to do it now." "Cauchari is ready to be developed today," he told IM. "We can start generating revenues in Argentina within two years, whereas Kings Valley is still four years away from going into production."