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Be the first with the news that moves the market- Lithium Americas, a leading lithium mining stock, is reporting initial production from its Caucharí-Olaroz Project
- The project, located in Jujuy, Argentina, yielded lower than battery-quality lithium carbonate as part of its commissioning process
- Construction at the company’s Thacker Pass Project, the United States’ largest lithium source, is now underway
- Lithium Americas is focused on advancing lithium projects to production in Argentina and the U.S.
- Lithium Americas (TSX:LAC) is up by 313 per cent over the past five years
Lithium Americas, a leading lithium mining stock, is reporting initial production from its Caucharí-Olaroz Project.
The project, located in Jujuy, Argentina, yielded lower than battery-quality lithium carbonate as part of its commissioning process. Additional equipment to begin the purification process toward battery quality is expected to be completed in the second half of 2023.
The company will now ramp up Caucharí-Olaroz to a production capacity of 40,000 tonnes per year.
“The initial production achieved as part of commissioning is an exciting step as Caucharí-Olaroz continues to advance toward first production of battery-quality lithium carbonate,” said Jonathan Evans, Lithium Americas’ President and CEO. “Our dedicated and skilled teams continue to work diligently to progress this transformative project.”
The news follows the company’s initial work at its Nevada-based Thacker Pass Project – the largest source of lithium in the United States – which is being designed to produce 80,000 tonnes of battery-quality lithium carbonate per year. The project is backed by a $650 million investment from General Motors.
Lithium Americas is focused on advancing lithium projects to production in Argentina and the U.S.
The lithium mining stock (TSX:LAC) is up by 313 per cent over the past five years.
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