Post by
lithomon on Sep 30, 2022 11:06am
Lithium Americas Coming Through Back Door - Pennock Lithium
Certainly not going to happen anytime soon, however, Margin, we may end up with a conversion of shares into Lithium Americas and the FL management will have to decide what to do with their 25% equity interest in FL.
Nonetheless, its a great strategy by LAC's CEO to get positioned next to FL now while FL shares are depressed in relation to its peers (as analytically presented by Canaccord) and its the low time of the year so good time to strike and accumulate whatever percentage they can get hands on.
All the big Guys are now flocking to the area with substantial Lithium deals for batteries and glass, i.e. LG Energy late last week (see Financial Post article).
Looks like the general area will have Lithium production in 2025 by junior developers who are locking-in the off-take deals this week and not surprising to see Lithium Americas quietly making its move into the area last week (ahead of the off-take news).
Things are heating up in this high purity Lithium region.
Comment by
diabase1 on Sep 30, 2022 6:09pm
Lithomon, could you please elaborate a bit. Who's Pennock Lithium?
Comment by
sfct1978 on Sep 30, 2022 11:47pm
Lithomon, yes, please expand on where you've seen LAC executing this "great strategy by LAC's CEO to get positioned next to FL". Do you mean physically buying land around FL land, or buying shares in FL on the open market? Either way, how did you come to your conclusions? Thank you for you insight!