Lithium Americas Corp.

09:49 AM EST - Lithium Americas Corp. : Has closed the previously announced transaction in which a subsidiary of Ganfeng Lithium Co., Ltd. subscribed for newly issued shares of Minera Exar S.A., the holding company for the Caucharí-Olaroz lithium brine project in Jujuy, Argentina. In consideration for the newly issued shares, Minera Exar has received $160 million U.S. in cash to continue to fund the Project’s construction activities. Upon closing, Ganfeng Lithium has increased its interest in Caucharí-Olaroz from 37.5% to 50%, with Lithium Americas holding the remaining 50% interest. Lithium Americas Corp. shares T.LAC are trading up $0.05 at $4.70.