";s:4:"text";s:4852:"The chemistry of the project is similar to the nearby Olaroz deposit allowing for compatible processing.There is a real opportunity for growth through the utilisation of strong regional infrastructure, local experience in permits and government and community relations.All our latest news, speeches, announcements, presentations and media releases from Orocobre Limited. MARCH 13, 2020 . ADVANTAGE LITHIUM CORP. and . For Orocobre shareholders, we will consolidate our position in the Olaroz/Cauchari basin which will give us significant flexibility as we deliver additional growth to our existing business.”All our latest news, speeches, announcements, presentations and media releases from Orocobre Limited. The purpose of the PFS is to examine all production and processing alternatives and recommend an optimal way forward. Advantage Lithium Corp. is a resource company specializing in the strategic acquisition, exploration and development of lithium properties and is headquartered in Vancouver, British Columbia. Orocobre shareholders will gain exposure to the 4.8 million tonnes (Mt) of Measured and Indicated Resources and 1.5 Mt of Inferred Resources (expressed as lithium carbonate equivalent) at … Based on the closing price of Orocobre shares on the ASX of A$3.29 this equates to a value of approx. The Transaction does not trigger any need for additional financing for the ongoing development of the Olaroz and Cauchari basins currently being undertaken by Under the terms of the Agreement Advantage shareholders will receive 0.142 shares of The Transaction will be completed through a Plan of Arrangement under the Business Corporations Act (Directors, officers, and certain key Advantage shareholders representing an aggregate of approximately 11.55% of the issued and outstanding Advantage shares have signed support agreements to vote their respective shares in favour of the Arrangement.Orocobre Managing Director and CEO Mr. Martín Pérez de Solay commented, “The Advantage team led by The Arrangement will be implemented through a Plan of Arrangement under the Business Corporations Act (The Agreement includes a non-solicitation covenant on the part of Advantage (subject to customary fiduciary-out provisions).
Orocobre shareholders will gain exposure to the 4.8 million tonnes (Mt) of Measured and Indicated Resources and 1.5 Mt of Inferred Resources (expressed as lithium carbonate equivalent) at Cauchari developed by the Advantage and Orocobre joint venture as detailed in the Orocobre ASX Release dated 7 March 2019. As a leading company in Argentina's “Lithium Triangle”, Orocobre has built the first large–scale, de novo brine based lithium project in over 20 years at its flagship Salar de Olaroz resource.Orocobre Limited (ORE:ASX ORL:TSX), a dynamic global lithium chemicals supplier, has conducted an online webcast briefing regarding financial results for the half-year ended 31 December 2019 (H1 FY20).Orocobre Limited (Orocobre or the Company) is pleased to announce that it has entered into a definitive agreement (the Agreement) pursuant to which Orocobre will acquire 100% of the issued and outstanding shares of Advantage Lithium Corp. (Advantage) that it does not already own.Beijing will cut smog levels further this year by putting more new energy vehicles (NEV) on its roads, reducing diesel-fuelled truck numbers and tightening its supervision of vehicle emissions and refined oil products, the city said on Thursday. These materials are important and require your immediate attention. Orocobre is currently the largest shareholder in Advantage, with 34.7% interest, as well as Advantage Lithium’s partner at its flagship Cauchari lithium project with 25% interest.Cauchari contains 4.8M tonnes of Measured and Indicated lithium carbonate equivalent resource, and inferred LCE resource of 1.5M tonnes, plus a Measured and Indicated potash resource of 14.9M tonnes.Orocobre said that the integration of Cauchari with the company’s own Olaroz project would enable Orocobre to deliver optimal basin management and would maximise the long-term productive capacity of the Olaroz/Cauchari basin. The Arrangement is subject to approval by the Supreme Court of British Columbia and requires approval of at least 66.66% of the votes cast by Advantage shareholders. The Arrangement also requires approval of a simple majority of the votes cast by Advantage shareholders, excluding for this purpose the votes attaching to the Advantage shares owned by Orocobre and certain other persons required to be excluded under Canadian securities laws.If approved, the Arrangement will allow Orocobre to acquire 100% of Advantage shares that it does not already own and will see Orocobre issue approximately 15.1 million shares which in turn will increase the total issued shares of Orocobre by 5.8%. ";s:7:"keyword";s:26:"orocobre advantage lithium";s:5:"links";s:3773:"Glitching In Spanish,
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