Last Updated :
14 December 2009 at 15:00 IST
Lithium Americas in mining spree
TORONTO (Commodity Online): Lithium Americas Corp. (TSX VENTURE:LAT) has announced results from its on-going drilling program in the Cauchari and Olaroz salt lakes in Jujuy Province, Argentina.
The Company owns a total of 47,300 ha in the area, covering the vast majority of the Cauchari Salt Lake and approximately one third of the Olaroz Salt Lake.
The Company has increased its property holdings in the area since its last update press release through the acquisition of several borax producers.
The Company has engaged GMP Securities L.P., PowerOne Capital Markets Limited and Dundee Securities Corporation as its agents to complete an equity financing to raise up to $10.5 million.
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