LITHIUM AMERICAS C (OTCMKTS:LACDD) Readies for Uplisting

LITHIUM AMERICAS C (OTCMKTS:LACDD) Readies for Uplisting

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LITHIUM AMERICAS C (OTCMKTS:LACDD) is trading up +15%again today. Strong peaks of volume have carried the stock. LACDD is up 121% for the three months and will look to stay on that run as they uplist to the NYSE.

LACDD saw its share price erupt after releasing some preliminary documents on their lithium property in Argentina. The market is thirsty right now for Lithium and the company’s prospectus has people drooling. Mainly the idea that LACDD’s EBITDA from the property could be $282M to $184M. Further pushing up the price was the Black Rock SmallCap Fund buying more than a million shares.

LITHIUM AMERICAS C (OTCMKTS:LACDF) frames itself as a company that is developing the Cauchari-Olaroz lithium project, located in Jujuy province, Argentina, and the Lithium Nevada project (formerly Kings Valley project) in Nevada, U.S.A, with the intent to become a major supplier of lithium products.

In addition, Lithium Americas is a supplier of specialty drilling additives, Hectatone and other organoclay products for the oil and gas and other industries.

LACDF is a resource player that engages in the acquisition, exploration, and development of mineral properties in Nevada. The company explores for lithium deposits. As noted above, the company primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and the Lithium Nevada Project covering approximately 15,233 hectares of area located in northwestern Nevada.

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LACDD’s market cap has grown significantly since we first started writing about them.

Here is some more information about the upcoming uplisting, “with the planned U.S. listing, and as previously authorized by its shareholders, the Company is implementing a consolidation of its outstanding common shares. The Company’s board of directors has determined that the consolidation will be effected on the basis of one new common share for every five currently outstanding common shares. The consolidation will take effect on November 8, 2017 and the Company’s common shares are expected to commence trading on the Toronto Stock Exchange on a post-consolidation basis beginning at the open of markets on November 8, 2017.”

Another quote, Lithium America’s CEO, Tom Hodgson, commented: “We look forward to a U.S. listing for Lithium Americas. We believe the share consolidation and U.S. listing will improve trading liquidity of our common shares and enable us to broaden our shareholder base.”

LACDD currently anticipates that subject to the receipt of all required approvals, its common shares will begin trading on the NYSE American stock exchange before the end of 2017.

Now trading at a market capitalization of $761.92M, LACDD is now a very well known name in the space and has seen some major buyers put their hats in the ring. LACDD is at a great place for Lithium mining and the market is ripening. We all need to be watching. Sign-up for continuing coverage on shares of $LACDD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $LACDD, either long or short, and we have not been compensated for this article.

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