Lithium Americas, GT1 Set to Develop Integrated Lithium Supply Chain in North America
- September 21, 2022
- Posted by: Quatro Strategies
- Category: Mining
Lithium Americas and Green Technology Metals (GT1) announced on Tuesday that they have reached a strategic collaboration agreement to advance a common goal of developing an integrated lithium chemical supply chain in North America. Lithium Americas said following its strategic equity investment of $10 million in April and entry into an initial non-binding collaboration framework agreement with GT1, this collaboration agreement provides non-exclusive rights for Lithium Americas and GT1 to undertake collaborative activities.
“This agreement represents a further step forward for both parties in their goal towards the joint development of midstream and downstream processing strategies and routes for battery-grade lithium chemicals in Ontario and across North America,” Lithium Americas said in its press-release.
The lithium miner highlighted that with the collaboration agreement, it aims to encourage increased communication and knowledge-sharing between the two companies’ management and technical teams.
The company also underlined that the collaboration agreement includes the establishment of a strategic management committee comprised of equal representatives from both firms, to discuss strategic opportunities for joint exploration or development and pursuit, establish a strategy development framework and facilitate and oversee a joint development plan.
“As we prepare to commence construction at Thacker Pass, we see an opportunity to further strengthen our role in developing a North American lithium supply chain,” said Lithium Americas CEO Evans. “On the back of the passing of the Inflation Reduction Act by U.S. Congress, we are having increased engagement with potential partners and customers focused on North America.”
“Working with GT1 allows us to leverage our chemicals focused team based in the U.S. and GT1’s extensive experience in hard rock exploration and development,” he added.
Lithium Americas’ main focus is to advance lithium projects in Argentina and the United States. The company is close to advance first production in Argentina’s Cauchari-Olaroz. In the U.S., Thacker Pass has received its Record of Decision and is advancing towards construction.
GT1 is a North American focused lithium exploration and development business. GT1’s Ontario lithium projects comprise high-grade, hard rock spodumene assets and lithium exploration claims located in the region’s north-west. GT1’s strategy is to build a vertically integrated lithium business in Ontario.
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