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LAC - Lithium Argentina: A Progress Report And Insider Buying
Lithium Americas Corp.
2024-06-13 14:47:33 ET
Summary
Ganfeng invests $70 million in the south Pastos Grandes project, gaining 14.8% ownership.
Lithium Argentina's Cauchari-Olaroz project shows progress with improving lithium purity and an increase in lithium production.
The long-term goal for Cauchari-Olaroz project is over 60,000 tonnes of battery grade lithium produced annually. Combine that with the southern projects and we should see much larger long-term output.
A director just purchased over $194,000 of stock on the open market. This is a strong vote of confidence in the future of the company.