Lithium Americas Provides Update on the Thacker Pass Lithium Highlights:
-- Plan of Operation deemed complete by Bureau of Land Management; all major permits for Phase 1 operations expected to be received by the end of 2020
-- Partnered with Sawtooth Mining LLC, a subsidiary of NACCO Industries, Inc. (NYSE:NC) and The North American Coal Corporation, in a long-term mining contract to provide mine engineering, construction, operation and reclamation services as well as certain equipment
-- Secured water rights sufficient to meet or exceed requirements expected for Phase 1 production
-- Produced over 3,000 kg of high-quality lithium sulfate solution at the process testing facility in Reno, Nevada
-- Engaged third-party vendor to engineer and design lithium carbonate and lithium hydroxide evaporator and crystallizer as well as provide performance guarantees and product samples
-- Commenced a definitive feasibility study with a Phase 1 production capacity of 20,000 tonnes per annum of battery-quality LCE expected to be complete by mid-2020
-- Entered into a design and build contract with TIC - The Industrial Company to complete key aspects of the definitive feasibility study, with an option to expand to the role as prime contractor for the plant
-- Evaluating financing options, including the possibility of a joint venture partner at Thacker Pass
-- Conference call and webcast scheduled for Tuesday, October 1, 2019 at 9:00 am EDT to discuss Thacker Pass and the results of the Cauchari-Olaroz definitive feasibility study
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https://www.theglobeandmail.com/investing/markets/stocks/LAC-N/pressreleases/3700967/