Lithium Americas' $491-million acquisition of Millennial Lithium

On January 25, 2022, Lithium Americas Corp. completed its acquisition of Millennial Lithium Corp. pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia), for approximately $491 million.

Pursuant to the arrangement, Lithium Americas acquired 100 per cent of the issued and outstanding shares of Millennial and Millennial shareholders received 0.1261 of a common share of Lithium Americas and $0.001 in cash in exchange for each Millennial share held. The share ratio was calculated by valuing the Lithium Americas shares at a price equal to the volume-weighted average share price of Lithium Americas for the 20 trading days ending two business days prior to closing, and by valuing the Millennial common shares at a price of $4.70 per share. Lithium Americas issued an aggregate of approximately 13,200,000 common shares.

As a result of the arrangement, Millennial shares and warrants were delisted from the TSX Venture Exchange on January 26, 2022.


David Redford Jeffrey P. Roy John T.C. Christian Jennifer Poirier Corinne Grigoriu W. Michael G. Osborne Gary R. Sollis