Lithium Americas Announces Financial and Operating Results For The Three Months Ended August 31, 2011

Lithium Americas Corp. (TSX:LAC,OTCQX:LHMAF) has filed its interim financial reports as well as unaudited condensed consolidated interim financial statements and management discussion and analysis for the three and six months ended, August 31, 2011.

As quoted in the press release:

During the three months ended August 31, 2011 the Company incurred $3.8 million in property rights and exploration costs to further evaluate activities necessary to advance the project to the definitive feasibility study stage. As at August 31, 2011, a total of $34.6 million has been invested in property rights and exploration on the Company’s Cauchari-Olaroz Lithium Project in Argentina. As at August 31, 2011, the Company had $15.5 million in cash and cash equivalents and positive working capital of $15.6 million.

Click here to read the Lithium Americas Corp. (TSX:LAC,OTCQX:LHMAF) press release