trending Market Intelligence /marketintelligence/en/news-insights/trending/kMNtkqYi6xjZdi6UTTUoKQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Lithium Americas closes US$172M funding deal with Jiangxi Ganfeng unit

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020

Lithium Americas closes US$172M funding deal with Jiangxi Ganfeng unit

Lithium Americas Corp. said June 7 that it has closed a US$172 million funding deal with Jiangxi Ganfeng Lithium Co. Ltd.'s GFL International Co. Ltd. unit, making the Chinese firm the largest Lithium Americas shareholder with a 19.9% stake.

The funding agreement, announced in January, comprised the sale of 75 million common Lithium Americas shares at 85 Canadian cents each, totaling US$47 million to the Chinese firm, and a US$125 million credit facility.

Apart from the placement and credit facility, the deal also covers an off-take agreement for the purchase and sale of lithium products.

According to Lithium Americas CEO Tom Hodgson, the closing of the investment agreement places the company in a strong financial position and will allow for the start of construction at its Cauchari-Olaroz lithium joint venture in Argentina with Sociedad Quimica y Minera de Chile SA.

A definitive feasibility study for the first stage of the Cauchari-Olaroz project estimated a construction CapEx of US$425 million, with payback in three years and five months.