Brief: Lithium Americas Announces Intention To Separate Into Two Leading Lithium Companies

Green Technology Metals

03/11/2022 11:57

Nov 3 (Reuters) - Arena Minerals Inc  AN.V :
    * LITHIUM AMERICAS ANNOUNCES INTENTION TO SEPARATE INTO TWO
LEADING LITHIUM COMPANIES
    * LITHIUM AMERICAS - INTENDS TO ADVANCE REORGANIZATION
RESULTING
IN SEPARATION OF NORTH AMERICAN, ARGENTINE BUSINESS UNITS INTO 2
INDEPENDENT PUBLIC COS
    * LITHIUM AMERICAS CORP - UPON COMPLETION OF SEPARATION,
LITHIUM
INTERNATIONAL WILL CONTINUE TO HOLD COMPANY'S 44.8% INTEREST IN
CAUCHARÍ-OLAROZ
    * LITHIUM AMERICAS -  UPON COMPLETION OF SEPARATION, LITHIUM
INTERNATIONAL WILL CONTINUE TO HOLD 100% INTEREST IN PASTOS
GRANDES LITHIUM BRINE PROJECT
    * LITHIUM AMERICAS CORP -  LITHIUM INTERNATIONAL WILL ALSO
HOLD
COMPANY'S APPROXIMATELY 17% INVESTMENT IN ARENA MINERALS INC
    * LITHIUM AMERICAS CORP -  LITHIUM AMERICAS (NEWCO) WILL
HOLD
COMPANY'S 100% INTEREST IN THACKER PASS
    * LITHIUM AMERICAS CORP -  LITHIUM AMERICAS (NEWCO) WILL
HOLD
COMPANY'S INVESTMENTS IN GREEN TECHNOLOGY METALS LIMITED AND
ASCEND ELEMENTS, INC.
    * LITHIUM AMERICAS CORP - INTENDS FOR SEPARATION TO OCCUR ON
A
TAX-DEFERRED BASIS FOR SHAREHOLDERS RESIDENT IN U.S. FOR U.S.
FEDERAL INCOME TAX PURPOSES
    * LITHIUM AMERICAS CORP - EXECUTION PLAN CURRENTLY PROVIDES
FOR
COMPLETION OF SEPARATION BY END OF 2023
    * LITHIUM AMERICAS CORP -  LITHIUM AMERICAS (NEWCO), LITHIUM
INTERNATIONAL EXPECTED TO BUILD ON TEAMS ALREADY IN PLACE IN
NORTH AMERICA AND ARGENTINA
    * LITHIUM AMERICAS CORP - UNTIL SEPARATION IS COMPLETE,
LITHIUM
AMERICAS WILL CONTINUE TO OPERATE AS A SINGLE COMPANY
    * LITHIUM AMERICAS CORP -  SEPARATION WILL ESTABLISH TWO
SEPARATE
COMPANIES "LITHIUM INTERNATIONAL" AND "LITHIUM AMERICAS (NEWCO)"

Source text for Eikon:  ID:nGNX637gTh 
Further company coverage:  AN.V 
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