April 1, 2019 / 5:04 PM / a year ago

BUZZ-Lithium Americas: Surges as Argentina project gets funds, output boost

** Canada’s Lithium Americas Corp surging >11 pct in heavy vols in their best one-day jump in five months

** China’s Ganfeng Lithium invests $160 mln in Argentina’s Cauchari-Olaroz project to share 50/50 stake in project with LAC

** LAC and GFL authorized feasibility study on plan to boost project’s initial production capacity to 40,000 tpa from 25,000 tpa as well as other permit work ahead of expansion decision

** Neo Lithium and Advantage Lithium, which have operations under development near Cauchari-Olaroz, also up

* Livent, which operates in Argentina, down 0.5 pct, falling for the 6th time in past 7 sessions

** LAC set to snap a run of six sessions without gains, with vol of ~240k shares making it the stock’s busiest day since March 7

** LAC had surged 16.5 pct on Aug. 14 when GFL signed on a partner in the project

** Stock now up ~31 pct YTD, after a 61.4 pct plunge in 2018 (Reporting by Savio D’Souza)

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