News: GT1 Lithium Americas Announces Intention To Separate Into Two Leading Lithium Companies

Nov 3 (Reuters) - Arena Minerals Inc AN.V :

• LITHIUM AMERICAS ANNOUNCES INTENTION TO SEPARATE INTO TWO LEADING LITHIUM COMPANIES
• LITHIUM AMERICAS - INTENDS TO ADVANCE REORGANIZATION RESULTING IN SEPARATION OF NORTH AMERICAN, ARGENTINE BUSINESS UNITS INTO 2 INDEPENDENT PUBLIC COS
• LITHIUM AMERICAS CORP - UPON COMPLETION OF SEPARATION, LITHIUM INTERNATIONAL WILL CONTINUE TO HOLD COMPANY'S 44.8% INTEREST IN CAUCHARÍ-OLAROZ
• LITHIUM AMERICAS - UPON COMPLETION OF SEPARATION, LITHIUM INTERNATIONAL WILL CONTINUE TO HOLD 100% INTEREST IN PASTOS GRANDES LITHIUM BRINE PROJECT
• LITHIUM AMERICAS CORP - LITHIUM INTERNATIONAL WILL ALSO HOLD COMPANY'S APPROXIMATELY 17% INVESTMENT IN ARENA MINERALS INC
• LITHIUM AMERICAS CORP - LITHIUM AMERICAS (NEWCO) WILL HOLD COMPANY'S 100% INTEREST IN THACKER PASS
• LITHIUM AMERICAS CORP - LITHIUM AMERICAS (NEWCO) WILL HOLD COMPANY'S INVESTMENTS IN GREEN TECHNOLOGY METALS LIMITED AND ASCEND ELEMENTS, INC.
• LITHIUM AMERICAS CORP - INTENDS FOR SEPARATION TO OCCUR ON A TAX-DEFERRED BASIS FOR SHAREHOLDERS RESIDENT IN U.S. FOR U.S. FEDERAL INCOME TAX PURPOSES
• LITHIUM AMERICAS CORP - EXECUTION PLAN CURRENTLY PROVIDES FOR COMPLETION OF SEPARATION BY END OF 2023
• LITHIUM AMERICAS CORP - LITHIUM AMERICAS (NEWCO), LITHIUM INTERNATIONAL EXPECTED TO BUILD ON TEAMS ALREADY IN PLACE IN NORTH AMERICA AND ARGENTINA
• LITHIUM AMERICAS CORP - UNTIL SEPARATION IS COMPLETE, LITHIUM AMERICAS WILL CONTINUE TO OPERATE AS A SINGLE COMPANY
• LITHIUM AMERICAS CORP - SEPARATION WILL ESTABLISH TWO SEPARATE COMPANIES "LITHIUM INTERNATIONAL" AND "LITHIUM AMERICAS (NEWCO)"