Lithium Americas: Hecatone Enters Alliance With TOLSA

Lithium Americas (TSX:LAC) reported that its subsidiary, Hecatone Inc., has signed a non-exclusive memorandum of understanding with TOLSA S.A. to pursue growth opportunities in the global clay markets.
As quoted in the press release:

The MOU contemplates a number of areas of collaboration, including a planned long-term supply agreement of Hectatone’s hectorite clay from its Nevada resource to TOLSA for the manufacture of high purity hectorite-based products. Lab samples of hectorite clay have been evaluated by TOLSA, and a bulk sample is scheduled to be trialed in TOLSA’s pilot facility in Spain this month.
TOLSA, founded over 50 years ago, is a privately owned company based in Madrid, Spain TOLSA is a leader in the specialized clay sector and controls more than 20 mining operations globally and produces high quality raw materials such as sepiolite, bentonite, and attapulgite. It has over 850 employees operating across four continents and has over 1 million tonnes of operating capacity, with significant geological and product research and development laboratories, and global distribution and logistical capacity.

Click here for the full press release.