Shares in public areas Market

Shares in public areas MarketBoard director and soon-Towards-Be interim leader John Kanellitsas has bought up 100,000 says of Lithium Americas (TSE:utt) On you market, For $50,000, Signalling his confidence in the company that has obtained all necessary government permits to start project formation at its Cauchari-Olaroz challenge in Argentina, With financing posts now underway.Kanellitsas, Which is the chief operating officer of investment management firm Geologic Resource Partners -Lithium Americas' largest investor, Completed a series of share purchase sales last week, Buying up an overall total of 100,000 shares in people's market, At prices starting from 49 cents to 50 cents. He spent earnings of $49,789 on the share purchases, That were all filed last Friday.The move follows you're able to send announcement in early May, When it said current president and leader Dr. Waldo Perez will be stepping down from his role at the annual general meeting the following month, And will changed by director Kanellitsas in the interim.Doctor. Perez, Who has been the chief of organization since its inception in 2009, Is a percentage with leading the Argentina-Focused company in its finishing of an extensive drilling program and definitive feasibility study at the Cauchari-Olaroz business, Which resulted in the id of the third largest lithium brine resource in the world, And one of the cheapest lithium projects.Kanellitsas is ordinarily a director of Lithium Americas since 2011, And has worked in real estate markets and asset management for over two decades in San Francisco, Manhattan, And Sun vly. He can also be a director of Kiska Metals Corp.Kanellitsas spoke excitedly about his new role recently, And of the present day prospects in the lithium sector, Saying the company believes lithium demand will rising significantly from advances in battery technologies related to electric vehicles and grid storage applications.In the case of project financing, Lithium Americas has revealed that it has had "A great number of" Parties review belongings in its data room, With the actual generating "Strong and continuing interest from any number of potential partners" All over the world, In spite of the difficult financing climate.The organization created an executive committee to oversee various financing proposals last November. As of at the start of May, Lithium Americas said it was hopeful to be in a position to provide more specific detail on the process in the future.