Lithium Americas inks investment agreement with Thai energy company

July 18, 2017

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Niche minerals company Lithium Americas has closed an investment agreement with BCP Innovation, a wholly owned subsidiary of Thai energy company Bangchak Corporation Public Company, in which the latter has agreed to provide Lithium Americas with an aggregate of $113-million to fund a portion of the construction costs for the Cauchari-Olaroz lithium project, in Argentina’s Jujuy province. “We are very pleased to complete this important financing with Bangchak and to welcome Bangchak’s CEO, Chaiwat Kovavisarach, onto the Lithium Americas’ board of directors,” commented Lithium Americas CEO Tom Hodgson.

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