Lithium Americas to spin off into Lithium International and Lithium Americas (NewCo).

Lithium Americas, a mining company, agreed to spin off into two independent firms Lithium International and Lithium Americas (NewCo). Financial terms were not disclosed. “Following a comprehensive review of the merits of separating Lithium Americas into two public entities, we have reinforced our beliefs that separating the North American and Argentine businesses will facilitate unlocking the full potential of their significant asset base to deliver maximum value to our shareholders and other stakeholders. Upon completion of the Separation, Lithium Americas shareholders will retain ownership in two leading lithium businesses – one of the largest known lithium developments in North America, which is central to the US domestic supply chain, and a near-term producing portfolio with significant growth from two high-quality projects in Argentina," Jonathan Evans, Lithium Americas CEO.