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ISIN: CA53680Q2071 · WKN: A2H65X · Symbol: LAC
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Antwort auf Beitrag Nr.: 58.474.243 von Popeye82 am 17.08.18 16:11:01
Exchange: TSX Exchange | Aug 27, 2018, 4:07 PM EDT
$ 6.15
Change:
0.71 (13.05%)
Volume:
411,210
Netter Anstieg heute und möglicher Ausbruch aus dem Abwärtstrend :-)
Lithium Americas Corp.Exchange: TSX Exchange | Aug 27, 2018, 4:07 PM EDT
$ 6.15
Change:
0.71 (13.05%)
Volume:
411,210
Antwort auf Beitrag Nr.: 58.447.195 von Barnin-Man am 14.08.18 20:30:55Es scheint LAC offensichtlich gutzutun, denn der Kurs erholt sich gerade wieder. Möglicherweise wird sich Ganfeng intensiver um LAC kümmern, als es einst SQM war, der seit dem Kauf von Kidman nur noch darauf seinen Fokus legte
Persönlich bin ich immer eher vorsichtig, bei chinesischen Investoren... aber hey, ich wünsche allen viel Erfolg
Persönlich bin ich immer eher vorsichtig, bei chinesischen Investoren... aber hey, ich wünsche allen viel Erfolg
SQM SELLS ITS PARTICIPATION IN MINERA EXAR
und das ist die Sicht von SQM auf den Deal. LAC hat das m.E. gut gemacht, besonders die 50 Mio die nach Projektfortschritt bezahlt werden. So bleibt die Expertise von SQM erhalten :-)Ansonsten ein weiterer Schritt zur Konsolidierung des Lithium - Marktes.
Santiago, Chile. August 13, 2018.- Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) informs that together with its subsidiary SQM Potasio S.A. (SQM Potasio) it has signed a contract (the “Contract”) with Minera Exar (Exar), Lithium Americas (TSX: LAC; NYSE: LAC) and GFL International Co. Ltd. (Ganfeng).
Pursuant to this Contract, (i) SQM Potasio will sell to Ganfeng its entire stake and irrevocable contributions in Exar, company which owns Caucharí-Olaroz lithium project in the Jujuy province of Argentina (the “Project”), (ii) Exar will prepay the total amount of the loans received from SQM Potasio; and (iii) Exar will pay SQM for the services it provided to Exar during the development of the Project. According to the Contract, SQM and SQM Potasio will receive an approximate amount of US$87.5 million. The Contract is subject to certain conditions and should close during the fourth quarter of this year.
In addition, SQM Potasio and a subsidiary of Ganfeng will sign an agreement in which a deferred amount of US$50 million will be paid to SQM Potasio, subject to compliance with certain product sales targets of the Project.
SQM’s CEO, Patricio de Solminihac, commented: “We expect the lithium market to continue its strong growth, and SQM wants to take advantage of this opportunity to develop projects on a large scale. For this reason, we will focus our efforts on our expansions in Chile, where we expect to almost quadruple our capacity in the coming years. We will also focus our efforts in Australia, where we see significant production potential given the size of the existing resources.”
He continued, “We believe that Ganfeng joining the Project is good news. Ganfeng is a well-known player in the industry, and will contribute positively to the Project. We maintain our good opinion about the Project, and will continue our involvement in it, not only because of the future payment involved with this transaction, but also to support LAC and Ganfeng with the continuity of the Project.”
Finally, he said, “We would like to thank our partner LAC, the employees and the management team of Exar, the communities, the suppliers, and especially the authorities of Jujuy Province, the government of Argentina and all stakeholders, with whom we worked over the past two years. Their reception and support have always been very important for the development of the Project.”
Lithium Americas to develop Cauchari with Ganfeng
2018-08-13 18:17 ET - News Release
Mr. Tom Hodgson reports
LITHIUM AMERICAS ANNOUNCES STRATEGIC TRANSACTION WITH GANFENG LITHIUM TO JOINTLY ADVANCE CAUCHARI-OLAROZ
Lithium Americas Corp. has entered into definitive transaction agreements to implement a number of transactions, pursuant to which, among other things, a subsidiary of Sociedad Quimica y Minera de Chile SA (SQM) has agreed to sell all of its interest in Minera Exar SA, the holding company for the Cauchari-Olaroz lithium brine project, to a subsidiary of Jiangxi Ganfeng Lithium Co. Ltd. (Ganfeng Lithium). As a result of the transaction, Ganfeng Lithium will become Lithium Americas' partner in developing and operating the project, which is currently under development in Jujuy, Argentina. Lithium Americas' interest in Cauchari-Olaroz will increase from 50 per cent to 62.5 per cent, with Ganfeng Lithium holding the remaining 37.5-per-cent interest.
In connection with the Transaction, Ganfeng Lithium has agreed to provide Lithium Americas with a new US$100 million limited recourse, subordinated loan facility to fully fund Lithium Americas' share of Cauchari-Olaroz' capital expenditures.
In addition, Lithium Americas and Ganfeng Lithium have entered into a strategic collaboration agreement (the "Strategic Collaboration Agreement") to explore future opportunities to collaborate (the "Strategic Collaboration") and develop lithium resources. The focus of the Strategic Collaboration Agreement will be on technical and financial collaboration with the objective of identifying and developing lithium resource projects in North and South America that leverage both companies' respective strengths.
"We would like to thank SQM for providing the support to advance Cauchari-Olaroz into construction, helping to build an independent team in Jujuy and putting the Project on a path to reach first production by 2020," said Lithium Americas' CEO, Tom Hodgson. "We are also very pleased to welcome Ganfeng Lithium as our new partner at Cauchari-Olaroz to continue development on our previously disclosed timeline and explore future opportunities to collaborate."
"We share Lithium Americas' goal to advance Cauchari-Olaroz to production as quickly as possible to further diversify and reduce the cost profile of our lithium resource portfolio," said Ganfeng Lithium's Vice Chairman, Wang Xiaoshen. "We believe many opportunities exist to enhance and grow the Project for the mutual benefit of all stakeholders, including the local communities in Jujuy, Argentina, and look forward to working more closely with Lithium Americas going forward."
About the Transaction
Under the terms of the Transaction, Ganfeng Lithium has agreed to purchase SQM's interest in Minera Exar. SQM will receive an aggregate of US$87.5 million in cash (including repayment of outstanding indebtedness owing from Minera Exar and certain other costs) plus a deferred payment of US$50 million, which is payable on satisfaction of certain agreed milestones when the Project has successfully reached production.
In addition, Ganfeng Lithium has also agreed to provide a loan to Minera Exar to permit Minera Exar to repay US$25 million of its outstanding indebtedness owing to Lithium Americas.
As a result of the Transaction, on closing, Ganfeng Lithium will own 37.5% and Lithium Americas will own 62.5% (an increase from 50% previously as a result of the conversion of previously contributed funds) of Minera Exar1.
Ganfeng Lithium and Lithium Americas have agreed to enter into a new shareholders' agreement governing their respective ownership interests and the business and operations of Minera Exar. The new shareholders' agreement will provide Lithium Americas and Ganfeng Lithium with shared decision-making over certain decisions of Minera Exar. The board of directors of Minera Exar will have representatives from both Lithium Americas and Ganfeng Lithium consisting of three Lithium Americas nominees and two Ganfeng Lithium nominees. In addition, a management committee consisting of representatives of Lithium Americas and Ganfeng Lithium will be formed to direct the development of the Project.
Loan Facility
Pursuant to the Transaction, Ganfeng Lithium has agreed to provide Lithium Americas with a US$100 million subordinated loan facility (the "Loan Facility"). The Loan Facility is repayable exclusively out of future distributions from Minera Exar. The Loan Facility complements Lithium Americas' existing senior credit facilities from Ganfeng Lithium and Bangchak Corporation in the aggregate amount of US$205 million and provides Lithium Americas with committed financing to fully support all of Lithium Americas' capital expenditure funding obligations for the development of Stage 1 of the Project.
The Loan Facility will be unsecured and subordinated to the Company's existing senior credit facilities and will be repaid from the proceeds of 50% of Lithium Americas' share of future distributions from the Project. Lithium Americas will have the right to prepay the Loan Facility without penalty. Draws may be made under the Loan Facility until December 31, 2025. The Loan Facility will bear interest at a rate equal to 6-month LIBOR + 5.5% per annum, subject to a maximum of 10% per annum. Interest is payable annually from 50% of the distributions paid directly and indirectly by Minera Exar to Lithium Americas, subject to compliance with the Company's existing senior credit facilities and the receipt of distributions from Minera Exar.
Cauchari-Olaroz Project Update
In Argentina, there are currently over 400 employees and contractors mobilized to develop Cauchari-Olaroz. Minera Exar's management team will remain in place and continue to grow and leverage Ganfeng Lithium's technical and project execution expertise. Ganfeng Lithium will commit their existing engineering and testing teams, including dedicated engineering personnel, to Cauchari-Olaroz.
Construction of Cauchari-Olaroz remains on track to commence production of battery-grade lithium carbonate in 2020. The Stage 1 development contemplates a production capacity of 25,000 metric tonnes per annum ("tpa") of lithium carbonate. Construction of production wells and ponds is well underway with the first pond scheduled to be filled in second half of 2018 and plant construction expected to commence in early 2019.
As part of the Transaction, SQM has agreed to provide the support needed to ensure a smooth transition and the continuity of ongoing work at the Project.
Review of the Transaction
The board of directors of Lithium Americas (the "Board") constituted a special committee of independent directors (the "Special Committee") for the purposes of, among other things, considering the Transaction, reviewing, directing and supervising the process to be carried out by the Company and its professional advisors in assessing and negotiating the Transaction, and considering and making recommendations to the Board with respect to the Transaction.
The Special Committee was composed of Jean Fraser (Chair), Gary Cohn, George Ireland and Chaiwat Kovavisarach. In considering the Transaction, the Special Committee retained Osler, Hoskin & Harcourt LLP as its independent legal counsel and Cormark Securities Inc. ("Cormark") as its independent financial advisor. Cormark has provided a fairness opinion to the Special Committee, concluding that, as of August 12, 2018, the Transaction is fair, from a financial point of view, to the Company and the shareholders of the Company (other than Ganfeng Lithium and its affiliates).
After careful consideration and deliberation, the Special Committee determined that the Transaction is in the best interests of Lithium Americas and is fair to shareholders of the Company (other than Ganfeng Lithium and its affiliates) and unanimously recommended to the Board that the Board approve the Transaction.
Following receipt of the unanimous recommendation by the Special Committee, the Board (with an interested director having recused himself) determined that the Transaction is in the best interests of Lithium Americas and is fair to shareholders of the Company (other than Ganfeng Lithium and its affiliates) and unanimously approved the Transaction.
The funding by Ganfeng Lithium of Minera Exar in connection with the Transaction and the provision of the Loan Facility by Ganfeng Lithium to the Company constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Lithium Americas is relying on the exemptions from the formal valuation and minority approval requirements set forth in MI 61-101. Specifically, the funding by Ganfeng Lithium of Minera Exar is exempt from the formal valuation and minority approval requirements on the basis of the exemptions in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the subject matter of the relevant transaction, nor the fair market value of the consideration for the relevant transaction, insofar as it involves Ganfeng, is greater than 25% of Lithium Americas' market capitalization (calculated in accordance with MI 61-101). The Loan Facility is not subject to the requirement to obtain a formal valuation. The Loan Facility is also exempt from the minority approval requirements on the basis of the exemption in section 5.7(f) of MI 61-101, as: (i) the Loan Facility is a loan that has been obtained on reasonable commercial terms that are not less advantageous to Lithium Americas than if the loan or credit facility were obtained from a person dealing at arm's length with the Company, and (ii) the Loan Facility contains no equity component. Provision of the Loan Facility to Lithium Americas and the intercompany loans to Minera Exar from Ganfeng Lithium are subject to the approval of the shareholders of Ganfeng Lithium. Lithium Americas has entered into voting support agreements from Ganfeng Lithium's largest shareholder, who holds an approximate 24% interest in Ganfeng Lithium, pursuant to which such shareholder has agreed to vote in favour of the transaction. If the shareholder approval is not obtained, Ganfeng Lithium has agreed to fund the intercompany indebtedness by way of equity in a manner that does not impact the relative interests of the parties and to cede a portion of its rights to off-take from Minera Exar to Lithium Americas in respect of the US$100 million Loan Facility.
The Transaction is expected to close in the fourth quarter of 2018, and is subject to customary closing conditions.
Strategic Collaboration
Lithium Americas and Ganfeng Lithium recognize the significant potential that exists in exploring future collaboration opportunities. The Strategic Collaboration is expected to leverage Lithium Americas' experience and track record operating in Jujuy, Argentina, and Nevada, USA, with Ganfeng Lithium's strong technical capabilities producing high-quality lithium products, including producing concentrated lithium brine into battery-quality lithium carbonate.
Lithium Americas' relationship with Ganfeng Lithium commenced in 2016 with the financing and off-take agreement for Cauchari-Olaroz. Since that time, both companies have engaged and worked extensively with one another, and understand each other's respective values, strategic priorities and operating capabilities. Senior management and technical teams have participated in multiple site visits to Lithium Americas' and Ganfeng Lithium's operations in Argentina, the United States, and China. Complementing Lithium Americas' experience and expertise in project and process development, and exploration, Ganfeng Lithium is expected to provide access to substantial internal engineering, construction and project execution expertise. Lithium Americas and Ganfeng Lithium both bring extensive management experience that is aligned to the rapid development of lithium resources.
Beyond Cauchari-Olaroz, Lithium Americas and Ganfeng Lithium have agreed to explore further opportunities to work together on future partnerships.
As part of the Strategic Collaboration Agreement, Lithium Americas and Ganfeng Lithium have agreed to form a management committee and a technical committee (the "Committees"), which will include representatives from both companies. Global Lithium LLC, an independent lithium advisory firm managed by its President, Joe Lowry ("Global Lithium"), has agreed to advise the Committees on potential opportunities, and work together with both parties on business development opportunities.
"I have had the pleasure of knowing and working with Ganfeng Lithium for 15 years," commented Joe Lowry, President of Global Lithium, "Ganfeng Lithium's vision and project execution skill has enabled the company to become a global power in lithium and the related green energy ecosystem. In addition to high quality resources, Lithium Americas has assembled the best combination of top management and technical talent among emerging companies, having drawn key personnel from major lithium producers and some of the largest users. Global Lithium looks forward to supporting the strategic alliance between Ganfeng Lithium and Lithium Americas and the obvious synergy that will result from expanding their relationship."
Advisors and Counsel
Cormark served as financial advisor to the Special Committee and Osler, Hoskin and Harcourt LLP served as the Special Committee's legal advisor. Cassels Brock & Blackwell LLP and Alfaro Abogados served as legal counsel to Lithium Americas.
Simpson Thacher & Bartlett LLP and Gowlings WLG LLP acted as legal advisors to Ganfeng Lithium.
Winston & Strawn LLP, Blake, Cassels & Graydon LLP and Marval, O'Farrell & Mairal acted as legal advisors to SQM.
Conference Call
Lithium Americas will host a conference call for analysts and investors on Tuesday, August 14, 2018 at 10:00 a.m. EST, followed by a question-and-answer session
To access the call, please dial:
North America (toll-free): 1 (888) 231-8191
International: 1 (647) 427-7450
A telephone replay of the call will be available from 1:00 p.m. EST on August 14, 2018 until 11:59 p.m. EST on September 9, 2018. To access the call replay, please dial:
North America (toll-free): 1-855-859-2056; passcode 3588296
International: 1-416-849-0833; passcode 3588296
A recording of the conference call will also be available at www.lithiumamericas.com.
About Ganfeng Lithium : Ganfeng Lithium is one of the largest lithium product makers in China, with a diverse product mix including lithium carbonate, lithium chloride, lithium fluoride, lithium metal, and butyl lithium. Ganfeng's business model is mainly procuring lithium minerals, both of spodumene and brine, from upstream suppliers and processing those materials into lithium products. By the end of 2018, Ganfeng's lithium carbonate and lithium hydroxide capacities are expected to reach over 40,000 tpa and 30,000 tpa, respectively, and the total lithium product capacity of over 75,000 tpa LCE.
About Lithium Americas :
Lithium Americas is developing Cauchari-Olaroz, under construction in Jujuy, Argentina, and on closing of the Transaction will have a 62.5% interest in Cauchari-Olaroz with Ganfeng Lithium holding a 37.5% interest. In addition, Lithium Americas owns 100% of the Thacker Pass project (formerly Stage 1 of Lithium Nevada project), and RheoMinerals Inc., a supplier of rheology modifiers for oil-based drilling fluids, coatings, and specialty chemicals. The Company trades on both the Toronto Stock Exchange and on the New York Stock Exchange, under the ticker symbol "LAC".
We seek Safe Harbor.
2018-08-13 18:17 ET - News Release
Mr. Tom Hodgson reports
LITHIUM AMERICAS ANNOUNCES STRATEGIC TRANSACTION WITH GANFENG LITHIUM TO JOINTLY ADVANCE CAUCHARI-OLAROZ
Lithium Americas Corp. has entered into definitive transaction agreements to implement a number of transactions, pursuant to which, among other things, a subsidiary of Sociedad Quimica y Minera de Chile SA (SQM) has agreed to sell all of its interest in Minera Exar SA, the holding company for the Cauchari-Olaroz lithium brine project, to a subsidiary of Jiangxi Ganfeng Lithium Co. Ltd. (Ganfeng Lithium). As a result of the transaction, Ganfeng Lithium will become Lithium Americas' partner in developing and operating the project, which is currently under development in Jujuy, Argentina. Lithium Americas' interest in Cauchari-Olaroz will increase from 50 per cent to 62.5 per cent, with Ganfeng Lithium holding the remaining 37.5-per-cent interest.
In connection with the Transaction, Ganfeng Lithium has agreed to provide Lithium Americas with a new US$100 million limited recourse, subordinated loan facility to fully fund Lithium Americas' share of Cauchari-Olaroz' capital expenditures.
In addition, Lithium Americas and Ganfeng Lithium have entered into a strategic collaboration agreement (the "Strategic Collaboration Agreement") to explore future opportunities to collaborate (the "Strategic Collaboration") and develop lithium resources. The focus of the Strategic Collaboration Agreement will be on technical and financial collaboration with the objective of identifying and developing lithium resource projects in North and South America that leverage both companies' respective strengths.
"We would like to thank SQM for providing the support to advance Cauchari-Olaroz into construction, helping to build an independent team in Jujuy and putting the Project on a path to reach first production by 2020," said Lithium Americas' CEO, Tom Hodgson. "We are also very pleased to welcome Ganfeng Lithium as our new partner at Cauchari-Olaroz to continue development on our previously disclosed timeline and explore future opportunities to collaborate."
"We share Lithium Americas' goal to advance Cauchari-Olaroz to production as quickly as possible to further diversify and reduce the cost profile of our lithium resource portfolio," said Ganfeng Lithium's Vice Chairman, Wang Xiaoshen. "We believe many opportunities exist to enhance and grow the Project for the mutual benefit of all stakeholders, including the local communities in Jujuy, Argentina, and look forward to working more closely with Lithium Americas going forward."
About the Transaction
Under the terms of the Transaction, Ganfeng Lithium has agreed to purchase SQM's interest in Minera Exar. SQM will receive an aggregate of US$87.5 million in cash (including repayment of outstanding indebtedness owing from Minera Exar and certain other costs) plus a deferred payment of US$50 million, which is payable on satisfaction of certain agreed milestones when the Project has successfully reached production.
In addition, Ganfeng Lithium has also agreed to provide a loan to Minera Exar to permit Minera Exar to repay US$25 million of its outstanding indebtedness owing to Lithium Americas.
As a result of the Transaction, on closing, Ganfeng Lithium will own 37.5% and Lithium Americas will own 62.5% (an increase from 50% previously as a result of the conversion of previously contributed funds) of Minera Exar1.
Ganfeng Lithium and Lithium Americas have agreed to enter into a new shareholders' agreement governing their respective ownership interests and the business and operations of Minera Exar. The new shareholders' agreement will provide Lithium Americas and Ganfeng Lithium with shared decision-making over certain decisions of Minera Exar. The board of directors of Minera Exar will have representatives from both Lithium Americas and Ganfeng Lithium consisting of three Lithium Americas nominees and two Ganfeng Lithium nominees. In addition, a management committee consisting of representatives of Lithium Americas and Ganfeng Lithium will be formed to direct the development of the Project.
Loan Facility
Pursuant to the Transaction, Ganfeng Lithium has agreed to provide Lithium Americas with a US$100 million subordinated loan facility (the "Loan Facility"). The Loan Facility is repayable exclusively out of future distributions from Minera Exar. The Loan Facility complements Lithium Americas' existing senior credit facilities from Ganfeng Lithium and Bangchak Corporation in the aggregate amount of US$205 million and provides Lithium Americas with committed financing to fully support all of Lithium Americas' capital expenditure funding obligations for the development of Stage 1 of the Project.
The Loan Facility will be unsecured and subordinated to the Company's existing senior credit facilities and will be repaid from the proceeds of 50% of Lithium Americas' share of future distributions from the Project. Lithium Americas will have the right to prepay the Loan Facility without penalty. Draws may be made under the Loan Facility until December 31, 2025. The Loan Facility will bear interest at a rate equal to 6-month LIBOR + 5.5% per annum, subject to a maximum of 10% per annum. Interest is payable annually from 50% of the distributions paid directly and indirectly by Minera Exar to Lithium Americas, subject to compliance with the Company's existing senior credit facilities and the receipt of distributions from Minera Exar.
Cauchari-Olaroz Project Update
In Argentina, there are currently over 400 employees and contractors mobilized to develop Cauchari-Olaroz. Minera Exar's management team will remain in place and continue to grow and leverage Ganfeng Lithium's technical and project execution expertise. Ganfeng Lithium will commit their existing engineering and testing teams, including dedicated engineering personnel, to Cauchari-Olaroz.
Construction of Cauchari-Olaroz remains on track to commence production of battery-grade lithium carbonate in 2020. The Stage 1 development contemplates a production capacity of 25,000 metric tonnes per annum ("tpa") of lithium carbonate. Construction of production wells and ponds is well underway with the first pond scheduled to be filled in second half of 2018 and plant construction expected to commence in early 2019.
As part of the Transaction, SQM has agreed to provide the support needed to ensure a smooth transition and the continuity of ongoing work at the Project.
Review of the Transaction
The board of directors of Lithium Americas (the "Board") constituted a special committee of independent directors (the "Special Committee") for the purposes of, among other things, considering the Transaction, reviewing, directing and supervising the process to be carried out by the Company and its professional advisors in assessing and negotiating the Transaction, and considering and making recommendations to the Board with respect to the Transaction.
The Special Committee was composed of Jean Fraser (Chair), Gary Cohn, George Ireland and Chaiwat Kovavisarach. In considering the Transaction, the Special Committee retained Osler, Hoskin & Harcourt LLP as its independent legal counsel and Cormark Securities Inc. ("Cormark") as its independent financial advisor. Cormark has provided a fairness opinion to the Special Committee, concluding that, as of August 12, 2018, the Transaction is fair, from a financial point of view, to the Company and the shareholders of the Company (other than Ganfeng Lithium and its affiliates).
After careful consideration and deliberation, the Special Committee determined that the Transaction is in the best interests of Lithium Americas and is fair to shareholders of the Company (other than Ganfeng Lithium and its affiliates) and unanimously recommended to the Board that the Board approve the Transaction.
Following receipt of the unanimous recommendation by the Special Committee, the Board (with an interested director having recused himself) determined that the Transaction is in the best interests of Lithium Americas and is fair to shareholders of the Company (other than Ganfeng Lithium and its affiliates) and unanimously approved the Transaction.
The funding by Ganfeng Lithium of Minera Exar in connection with the Transaction and the provision of the Loan Facility by Ganfeng Lithium to the Company constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Lithium Americas is relying on the exemptions from the formal valuation and minority approval requirements set forth in MI 61-101. Specifically, the funding by Ganfeng Lithium of Minera Exar is exempt from the formal valuation and minority approval requirements on the basis of the exemptions in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the subject matter of the relevant transaction, nor the fair market value of the consideration for the relevant transaction, insofar as it involves Ganfeng, is greater than 25% of Lithium Americas' market capitalization (calculated in accordance with MI 61-101). The Loan Facility is not subject to the requirement to obtain a formal valuation. The Loan Facility is also exempt from the minority approval requirements on the basis of the exemption in section 5.7(f) of MI 61-101, as: (i) the Loan Facility is a loan that has been obtained on reasonable commercial terms that are not less advantageous to Lithium Americas than if the loan or credit facility were obtained from a person dealing at arm's length with the Company, and (ii) the Loan Facility contains no equity component. Provision of the Loan Facility to Lithium Americas and the intercompany loans to Minera Exar from Ganfeng Lithium are subject to the approval of the shareholders of Ganfeng Lithium. Lithium Americas has entered into voting support agreements from Ganfeng Lithium's largest shareholder, who holds an approximate 24% interest in Ganfeng Lithium, pursuant to which such shareholder has agreed to vote in favour of the transaction. If the shareholder approval is not obtained, Ganfeng Lithium has agreed to fund the intercompany indebtedness by way of equity in a manner that does not impact the relative interests of the parties and to cede a portion of its rights to off-take from Minera Exar to Lithium Americas in respect of the US$100 million Loan Facility.
The Transaction is expected to close in the fourth quarter of 2018, and is subject to customary closing conditions.
Strategic Collaboration
Lithium Americas and Ganfeng Lithium recognize the significant potential that exists in exploring future collaboration opportunities. The Strategic Collaboration is expected to leverage Lithium Americas' experience and track record operating in Jujuy, Argentina, and Nevada, USA, with Ganfeng Lithium's strong technical capabilities producing high-quality lithium products, including producing concentrated lithium brine into battery-quality lithium carbonate.
Lithium Americas' relationship with Ganfeng Lithium commenced in 2016 with the financing and off-take agreement for Cauchari-Olaroz. Since that time, both companies have engaged and worked extensively with one another, and understand each other's respective values, strategic priorities and operating capabilities. Senior management and technical teams have participated in multiple site visits to Lithium Americas' and Ganfeng Lithium's operations in Argentina, the United States, and China. Complementing Lithium Americas' experience and expertise in project and process development, and exploration, Ganfeng Lithium is expected to provide access to substantial internal engineering, construction and project execution expertise. Lithium Americas and Ganfeng Lithium both bring extensive management experience that is aligned to the rapid development of lithium resources.
Beyond Cauchari-Olaroz, Lithium Americas and Ganfeng Lithium have agreed to explore further opportunities to work together on future partnerships.
As part of the Strategic Collaboration Agreement, Lithium Americas and Ganfeng Lithium have agreed to form a management committee and a technical committee (the "Committees"), which will include representatives from both companies. Global Lithium LLC, an independent lithium advisory firm managed by its President, Joe Lowry ("Global Lithium"), has agreed to advise the Committees on potential opportunities, and work together with both parties on business development opportunities.
"I have had the pleasure of knowing and working with Ganfeng Lithium for 15 years," commented Joe Lowry, President of Global Lithium, "Ganfeng Lithium's vision and project execution skill has enabled the company to become a global power in lithium and the related green energy ecosystem. In addition to high quality resources, Lithium Americas has assembled the best combination of top management and technical talent among emerging companies, having drawn key personnel from major lithium producers and some of the largest users. Global Lithium looks forward to supporting the strategic alliance between Ganfeng Lithium and Lithium Americas and the obvious synergy that will result from expanding their relationship."
Advisors and Counsel
Cormark served as financial advisor to the Special Committee and Osler, Hoskin and Harcourt LLP served as the Special Committee's legal advisor. Cassels Brock & Blackwell LLP and Alfaro Abogados served as legal counsel to Lithium Americas.
Simpson Thacher & Bartlett LLP and Gowlings WLG LLP acted as legal advisors to Ganfeng Lithium.
Winston & Strawn LLP, Blake, Cassels & Graydon LLP and Marval, O'Farrell & Mairal acted as legal advisors to SQM.
Conference Call
Lithium Americas will host a conference call for analysts and investors on Tuesday, August 14, 2018 at 10:00 a.m. EST, followed by a question-and-answer session
To access the call, please dial:
North America (toll-free): 1 (888) 231-8191
International: 1 (647) 427-7450
A telephone replay of the call will be available from 1:00 p.m. EST on August 14, 2018 until 11:59 p.m. EST on September 9, 2018. To access the call replay, please dial:
North America (toll-free): 1-855-859-2056; passcode 3588296
International: 1-416-849-0833; passcode 3588296
A recording of the conference call will also be available at www.lithiumamericas.com.
About Ganfeng Lithium : Ganfeng Lithium is one of the largest lithium product makers in China, with a diverse product mix including lithium carbonate, lithium chloride, lithium fluoride, lithium metal, and butyl lithium. Ganfeng's business model is mainly procuring lithium minerals, both of spodumene and brine, from upstream suppliers and processing those materials into lithium products. By the end of 2018, Ganfeng's lithium carbonate and lithium hydroxide capacities are expected to reach over 40,000 tpa and 30,000 tpa, respectively, and the total lithium product capacity of over 75,000 tpa LCE.
About Lithium Americas :
Lithium Americas is developing Cauchari-Olaroz, under construction in Jujuy, Argentina, and on closing of the Transaction will have a 62.5% interest in Cauchari-Olaroz with Ganfeng Lithium holding a 37.5% interest. In addition, Lithium Americas owns 100% of the Thacker Pass project (formerly Stage 1 of Lithium Nevada project), and RheoMinerals Inc., a supplier of rheology modifiers for oil-based drilling fluids, coatings, and specialty chemicals. The Company trades on both the Toronto Stock Exchange and on the New York Stock Exchange, under the ticker symbol "LAC".
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Antwort auf Beitrag Nr.: 58.364.271 von Barnin-Man am 02.08.18 23:10:54SQM hat seinen Anteil von LA verkauft und will sich nur in Chile und Australien (Kidman) konzentrieren
http://s1.q4cdn.com/793210788/files/doc_news/2018/8/PR_Miner…
Möglicherweise engagiert sich jedoch der neue Teilhaber Ganfeng von LA mehr um LA, weil es war schon seit Wochen sichtbar, dass SQM sich vor allem um KID bemüht hat
http://s1.q4cdn.com/793210788/files/doc_news/2018/8/PR_Miner…
Möglicherweise engagiert sich jedoch der neue Teilhaber Ganfeng von LA mehr um LA, weil es war schon seit Wochen sichtbar, dass SQM sich vor allem um KID bemüht hat
Antwort auf Beitrag Nr.: 58.329.903 von Popeye82 am 30.07.18 00:03:04
http://lithiumamericas.com/thacker-pass/
Lithium Americas Files Technical Report for the Thacker Pass Pre-Feasibility Study
oder hier in kurz:http://lithiumamericas.com/thacker-pass/
Antwort auf Beitrag Nr.: 58.329.858 von bcgk am 29.07.18 23:32:342,6Mrd, Basisannahme, Phase2:
http://lithiumamericas.com/wp-content/uploads/2018/06/LAC-PR…
http://lithiumamericas.com/wp-content/uploads/2018/06/LAC-PR…
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Antwort auf Beitrag Nr.: 58.321.805 von phobieeee am 27.07.18 21:16:53Hallo, spätestens am Freitag war das doch sowieso klar, das die meisten Unterstützungen nach unten durch sind.
Ich denke das im Moment bei Lithium die Luft etwas raus ist. Hat meiner Meinung nach noch nicht mal mit Lithium Americas was zu tun. Ende des Jahres wird sich das hoffentlich mal ändern.
Gruß Bluestones
Ich denke das im Moment bei Lithium die Luft etwas raus ist. Hat meiner Meinung nach noch nicht mal mit Lithium Americas was zu tun. Ende des Jahres wird sich das hoffentlich mal ändern.
Gruß Bluestones
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