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The company, which is dual-listed, has been progressing on the construction of the Thacker Pass project since early 2023. This project is recognized as the largest lithium deposit in the United States.
On the other hand, Lithium Argentina, which holds a 44.8% stake in the Caucharí-Olaroz project, is also engaged with Pastos Grandes and Sal de la Puna projects. The Argentine segment is pursuing full production by implementing a statutory plan of arrangement.
The decision to split comes as part of Lithium Americas’ strategic move to focus on their individual operations and growth opportunities within their respective markets. This move is expected to provide each entity with the flexibility to optimize its operations and pursue independent growth strategies.
The market reacted positively to this development, reflecting in the significant rise in Lithium Americas’ share price. The company’s shares traded at 15.38 Canadian dollars ($11.22) in Toronto following the announcement.
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