spot_img

Mice Travel Takes Flight...

Driving business tourism and fostering regional connectivity through strategic partnerships As global business travel...

Emirates SkyCargo bolsters connectivity...

Emirates SkyCargo, the cargo arm of the world’s largest international airline, has bolstered...

Emirates SkyCargo bolsters connectivity...

Emirates SkyCargo, the cargo arm of the world’s largest international airline, has bolstered...

Zambia, China Partner to...

The Zambian government has begun formal engagements with Chinese partners to develop the...
HomeMINING & INDUSTRIALLithium Americas plans...

Lithium Americas plans to separate North American and Argentine businesses

Canada-based mining firm Lithium Americas plans to separate its business units in North America and Argentina into two independent public companies by the end of 2023.

Following a months-long review, the decision will result in the creation of Lithium International and Lithium Americas (NewCo).

Lithium International will own Lithium Americas’ 44.8% stake in Caucharí-Olaroz and a 100% stake in the Pastos Grandes lithium brine project in Salta.

It will also hold Lithium America’s 17% investment in Arena Minerals.

Furthermore, Lithium Americas (NewCo) will hold Lithium Americas’ 100% stake in Thacker Pass in Nevada, US, as well as investments in Green Technology Metals and Ascend Elements.

Lithium Americas president and CEO Jonathan Evans said: “Following a comprehensive review of the merits of separating Lithium Americas into two public entities, we have reinforced our beliefs that separating the North American and Argentine businesses will facilitate unlocking the full potential of their significant asset base to deliver maximum value to our shareholders and other stakeholders.

“Upon completion of the separation, Lithium Americas shareholders will retain ownership in two leading lithium businesses – one of the largest known lithium developments in North America, which is central to the US domestic supply chain, and a near-term producing portfolio with significant growth from two high-quality projects in Argentina.”

Lithium Americas anticipates the two new business units to benefit from enhanced operating flexibility and strategic focus needed to drive long-term growth.

The separate North American and Argentine businesses are planned to be publicly listed in Toronto and New York by the end of 2023.

The separation is subject to approvals from the board, stock exchanges, shareholders, and the Canada Revenue Agency, among others.

Get notified whenever we post something new!

Continue reading

Mice Travel Takes Flight With Proflight Zambia

Driving business tourism and fostering regional connectivity through strategic partnerships As global business travel continues to gain recognition for its economic value, Zambia’s leading scheduled airline, Proflight Zambia is taking to the skies as it positions itself as a key...

Emirates SkyCargo bolsters connectivity between Europe and its global network

Emirates SkyCargo, the cargo arm of the world’s largest international airline, has bolstered freighter connectivity between European destinations and key points on its vast global network. Building on its geographic advantages, headquartered in the centre of the world, Emirates...

Emirates SkyCargo bolsters connectivity between Europe and its global network

Emirates SkyCargo, the cargo arm of the world’s largest international airline, has bolstered freighter connectivity between European destinations and key points on its vast global network. Building on its geographic advantages, headquartered in the centre of the world, Emirates...
spot_img