89.8
Lithium Americas owns 49% of the Argentine project. China’s largest lithium company, Ganfeng Lithium, owns the balance. Cauchari-Olaroz is forecasted to produce 40,000 tonnes of battery-grade lithium carbonate annually for 40 years. Offtake agreements are in place for 90%+ of production. Total construction costs should be around US$565 million. About US$388 million of those expenditures were incurred through December 31, 2020, up from US$347 million as of September 30, 2020.
Cauchari-Olaroz Lithium Brine Project
Successful Equity Offering
In January 2021, Lithium Americas raised a net US$377 million by selling 18.2 million shares of common stock at US$22 per share in an underwritten public offering. The company will utilize this sum, together with the US$148 million of cash on its balance sheet and US$184 million of undrawn credit facilities, to fund the construction of Cauchari-Olaroz and its 100%-owned Thacker Pass battery-grade lithium carbonate project in Nevada. (I