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Lithium Americas (Argentina) Corp. - $LAAC STOCK NEWS

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Rhea-AI Summary
Lithium Americas (Argentina) Corp. (LAAC) is set to announce its first quarter 2024 earnings results on May 13, 2024, followed by a webcast and conference call on May 14, 2024. The event details, including webcast access and replay information, are available on the Company's Investor Relations website.
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4.11%
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Lithium Americas (Argentina) Corp. announced its fourth quarter and full year 2023 results, 2024 outlook, and key operational and financial highlights. The company welcomed a new President and CEO, Sam Pigott, and appointed new board members. Ganfeng Lithium Co. agreed to invest $70M for a 15% stake in the Pastos Grandes project. Production at Caucharí-Olaroz is progressing well, targeting 20,000 – 25,000 tonnes of lithium carbonate in 2024. Financially, the company had $122M in cash, $259M in convertible debt, and is working on refinancing local debt. The company is reducing discretionary spending by 25% to adapt to market conditions.
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0.78%
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Lithium Americas (Argentina) Corp. (LAAC) appoints Monica Moretto as an independent board member and Sam Pigott as President and CEO. Moretto brings extensive experience in mining industry sustainability and ESG, while Pigott has a strong background in mining, lithium, and finance. The Board aims to enhance shareholder value through responsible development of lithium brine assets in Argentina.
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1.59%
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management
Rhea-AI Summary
Lithium Americas (Argentina) Corp. announces a definitive agreement with Ganfeng Lithium Co. Ltd. to acquire $70 million in newly issued shares of Proyecto Pastos Grandes S.A., representing a 15% interest. The transaction aims to strengthen the company's balance sheet, enhance growth plans, and support lithium projects in Argentina.
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-2.66%
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Lithium Americas (Argentina) Corp. appoints Sam Pigott as President and CEO effective March 18, 2024. Mr. Pigott, with 20 years of experience in mining and lithium, will succeed John Kanellitsas. He aims to lead the Company through its transition and growth phase, focusing on the Caucharí-Olaroz project in Argentina. Mr. Pigott's background in business development and finance, along with his strategic leadership skills, positions Lithium Argentina for success in the lithium industry.
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End-of-Day
2.22%
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Rhea-AI Summary
Amid the current lithium boom, Argentina's mining exports are set to reach around $4.5 billion in 2023, with analysts projecting that production in Argentina could more than triple by 2030. Lithium Americas Corp. (NYSE:LAAC) (TSX:LAAC) is among the top companies making strides in Argentina's lithium landscape, with developments at its flagship Hombre Muerto North Lithium (HMN Li) project in Salta Province, including a 175% increase in lithium resource.
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-2.14%
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Rhea-AI Summary
Lithium Americas (Argentina) Corp. (TSX: LAAC) (NYSE: LAAC) announced preliminary 2023 operational results for the Caucharí-Olaroz lithium brine operation in Jujuy, Argentina. The production of lithium carbonate surpassed guidance, reaching approximately 6,000 tonnes. The KCl plant is operational and in the process of ramping up in production volume and product quality. The company plans to release its fourth quarter and full year 2023 financial results, including an update on production guidance for 2024, after market hours on March 21, 2024.
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End-of-Day
-3.29%
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Rhea-AI Summary
Lithium Americas (Argentina) Corp. (TSX: LAAC) (NYSE: LAAC) reported Q3 2023 financial and operating results. Highlights include Caucharí-Olaroz ramping up to 40,000 tpa of lithium carbonate by mid-2024, reaffirmed 2023 production guidance of 5,000 tonnes, and a strong financial position with remaining funding needs less than $20 million. The company also integrated Pastos Grandes and Sal de la Puna, published an ESG-S report, and implemented a reorganization resulting in Lithium Argentina and Lithium Americas (NewCo).
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Rhea-AI Sentiment
End-of-Day
2.02%
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Lithium Americas (Argentina) Corp.

NYSE:LAAC

LAAC Rankings

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866.71M
137.95M
14.35%
32.61%
5.44%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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