LAC buying into Green Technology Metals
posted on
Apr 26, 2022 09:45PM
Interesting... thoughts?
"Potential investors were told Green Technology Metals had entered into a placement agreement with Lithium Americas Corporation, which had committed to taking up $US10 million ($14 million) of the placement.
It would mean Lithium Americas would own 5.3 per cent of the Green Technology Metals after the raise."
"The agreement including a standstill that would stop Lithium Americas from building its stake to more than 10 per cent of Green Technology Metals (without consent) over the next 12 months.
The two have also signed a non-binding framework for to weigh a strategically located, integrated lithium business in North America. The term sheet said this would cover lithium processing and production value chain, right from spodumene processing to production of battery-grade lithium."
https://www.afr.com/street-talk/green-technology-metals-raising-50m-lithium-americas-buys-in-20220427-p5agfy