Does Lithium Americas own millennial shares?

Pursuant to the Arrangement, Lithium Americas has acquired 100% of the issued and outstanding shares of Millennial (“ Millennial Shares ”) and Millennial shareholders are entitled to receive 0.1261 of a common share of Lithium Americas and $0.001 in cash in exchange for each Millennial Share held immediately prior to closing of the Arrangement.

What does millennial lithium stand for?

Millennial Lithium, (ML: TSX-V), ("Millennial" or the "Company") reports that it plans to commence a surface sampling program to test brine sediments on its Lincoln Lithium project in the Big Smoky Valley, Nevada, upon final approval of the TSX Ve...

What is a lithium stock?

A lithium stock is the stock of a company that is engaged in the business of mining lithium or manufacturing lithium-based products. Lithium has grown in popularity as the electric vehicle (EV) market has exploded. Even Elon Musk lauded Tesla's reliance on lithium.

Will Australian lithium stock prices fall if price lags?

While we see earnings support for the Australian stocks over 12-18 months on price lags, on a 12m view we expect lithium stock prices to fall as lithium prices decline from record peaks. Ultimately, Goldman is forecasting global lithium demand to grow to ~1,300kt LCE by 2025, but expects lithium production to hit ~1,700kt LCE.