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Lithium Americas Corp. (TSX:LAC) reported that as part of an agreement with POSCO, Korea’s largest steel company, a final stage lithium extraction pilot plant for Lithium Americas’s Cauchari-Olaroz Lithium Project has been delivered. The plant is expected to be in operation later this month.
Lithium Americas Corp. (TSX:LAC) reported that as part of an agreement with POSCO, Korea’s largest steel company, a final stage lithium extraction pilot plant for Lithium Americas’s Cauchari-Olaroz Lithium Project has been delivered. The plant is expected to be in operation later this month.
As quoted in the press release:
Pursuant to the previously announced Co-operation Agreement with POSCO, Korea’s largest steel company, POSCO’s final stage lithium extraction pilot plant arrived at port in Antofagasta, Chile last week, and has now been delivered for final assembly to LAC’s Cauchari salar in the Jujuy province of northern Argentina. It is expected to be operational in late November, 2014, and then be subject to a short confirmatory test period. Following determination by POSCO that the pilot plant is operating to expectations, LAC and POSCO will enter into a 90-day exclusivity period for the negotiation of an agreement for commercial stage production.
Lithium America’s CEO, John Kanellitsas, said:
We remain focused on creating value by matching our world-class resource at Cauchari with a technology partner committed to sustainable, scalable, energy-efficient and environmentally-sensitive lithium production. Our Cauchari-Olaroz project is the third largest known lithium brine resource in the world. We expect the POSCO final stage pilot plant to demonstrate that such a process, located on such a resource, is feasible on a commercial scale, and we are incredibly excited to be part of these industry changing efforts.
Click here to read the Lithium Americas Corp (TSX:LAC) press release
