Posted on 22 Sep 2022
Lithium Americas says it has signed a strategic collaboration agreement with Australia-based Green Technology Metals to advance an integrated lithium chemical supply chain in North America, Kallanish reports.
The agreement calls for the creation of a strategic management committee for further joint exploration and development opportunities, primarily in the United States and Canada. The companies are especially interested in developing midstream and downstream operations including in Ontario where North America-focused GT1 is most active in lithium exploration. The latest deal builds upon Lithium America’s previous strategic equity investment of $10 million and an established collaboration framework between the two companies.
“As we prepare to commence construction at Thacker Pass (in Nevada), we see an opportunity to further strengthen our role in developing a North American lithium supply chain,” says Lithium America’s president and ceo Jonathan Evans. “On the back of the passing of the Inflation Reduction Act (IRA) by the US Congress, we are having increased engagement with potential partners and customers focused on North America.”
He adds: “Working with GT1 allows us to leverage our chemicals-focused team based in the US and GT1’s extensive experience in hard-rock exploration and development.”
Adds GT1’s director Cameron Henry: “Both GT1 and Lithium Americas have the shared objective of building the pre-eminent vertically integrated lithium business in North America. With the recent passing of the IRA, and the substantial domestic battery minerals sourcing requirements this imposes on car manufacturers seeking to attract consumer tax credits for their vehicles, the value of this end goal has increased further again.”
Lithium Americas has lithium projects in Nevada and Argentine.
Source:Kallanish
