Lithium Americas Signs Cauchari-Olaroz Long-Term Land Use Agreements

- January 3rd, 2012

Lithium Americas Corp. (TSX:LAC,OTCQX:LHMAF) announced that land use agreements have been signed with aboriginal groups on the Cauchari-Olaroz lithium/potash brine properties.

Lithium Americas Corp. (TSX:LAC,OTCQX:LHMAF) announced that land use agreements have been signed with aboriginal groups on the Cauchari-Olaroz lithium/potash brine properties.

As quoted in the press release:

Under the terms of the Agreements, Lithium Americas will pay pre-determined fees upon signing of the Agreements, approval of the EIS, as well as annual fees over the 30 year term of the Agreements.

Lithium Americas’ President and CEO, Waldo A. Perez said:

We are extremely pleased to have secured land rights for the next 30 years while gaining the full engagement and participation of the region’s traditional owners.

Click here for the Lithium Americas Corp. (TSX:LAC) press release.

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