Lithium Americas Extends Cooperation Agreement with POSCO

Lithium Americas (TSX:LAC) has agreed to extend its cooperation agreement with POSCO, at the Korean Steelmaker’s request. The agreement now contemplates the construction and operation of a Potassium demonstration plant in Argentina.
As quoted in the press release:

The Co-operation Agreement was originally executed in January, 2014, with an eighteen month term.
In addition to the successful operation of the lithium extraction Demonstration Plant previously reported on, the Co-operation Agreement contemplates the construction and operation of a Potassium Demonstration Plant in Jujuy, Argentina, which POSCO is now in the final stages of completing. The extension has been granted to enable the operation and testing of this plant, in contemplation of continuing discussions related to a commercial scale lithium and potassium plant at LAC’s Cauchari-Olaroz salar.

Click here to read the Lithium Americas (TSX:LAC) press release