representative work

Lithium Americas and Ganfeng Lithium Complete the Caucharí-Olaroz JV Transaction


On August 27, 2020, Lithium Americas Corp. completed a transaction with Ganfeng Lithium Co., Ltd. in respect of their joint venture company, Minera Exar S.A., which owns 100% of the Caucharí-Olaroz lithium project currently under development in Jujuy, Argentina. In connection with the transaction: (i) Ganfeng Lithium acquired an additional 1% interest in Minera Exar (taking it from 50% to 51%) for cash consideration of US$16 million, (ii) Lithium Americas received US$40 million through a buy-out arrangement of shareholder loans to Minera Exar that was funded by Ganfeng Lithium, and (iii) each party provided a funding commitment for the balance of the US$500 million in expenditures required to complete development of the project.

Cassels acted for Lithium Americas with a deal team that included David Redford, Brian Dominique, Jennifer Poirier and Brandon Manhas (Securities, M&A and Mining), Patience Omokhodion and Jenna Clark (Banking & Specialty Finance), and Adrian Jakibchuk (Employment & Labour).