Lithium Americas Corp (TSX:LAC, NYSE:LAC) shares have gained more than 15% following the separation into two independent publicly traded companies, Lithium Americas and Lithium Americas (Argentina).
As of the start of trading on Wednesday, October 4, Lithium Americas and Lithium Argentina shares commenced trading on the New York Stock Exchange and Toronto Stock Exchange under the ticker symbols “LAC” and “LAAC” respectively.
“We look forward to seeing these two market-leading companies thrive independently,” Lithium Americas CEO Jonathan Evans said in a statement on Tuesday evening.
“The separation offers investors two unique and highly focused pure-play lithium companies with world-class assets in our respective regions of operation.”
Lithium Americas shares traded up 15.2% at US$11.14 at noon on Wednesday. Shares of Lithium Americas (Argentina), however, traded down 60.95% at C$8.66.
Contact the author at emily.jarvie@proactiveinvestors.com
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