LITHIUM: Western Lithium, Lithium Americas shareholders okay arrangement

VANCOUVER – The shareholders of Western Lithium USA Corp. and Lithium Americas Corp. have in separate meetings approved the plan of arrangement as outlined by the companies.

Western Lithium will issue shares such that Lithium Americas shareholders will receive 0.789 of a Western share for each share of Lithium Americas held. The deal is expected to close Sept. 4, 2015.

Lithium Americas has joint ventured its lithium brine project in Argentina with POSCO. (LithiumAmericas.com)

Western Lithium is hoping to begin production at its Kings Valley lithium project in Nevada some time in 2019. (WesternLithium.com)