The new Lithium Americas will own the Thacker Pass lithium project in Nevada, while Lithium Argentina will focus on the assets held in the South American country.
The company estimates it will take three years to permit and build the graphite manufacturing facility and on average, the plant would produce about 49,615 tonnes of anode material per year.
Miners operating in Europe say prospects for getting projects underway look uncertain because of a lengthy permitting framework and fervent local opposition.
China is one of the world’s major vehicle-battery production centers but seems to have lagged behind other countries in terms of handling emissions in the manufacturing process.
Hastings Technology, which hopes to become the world’s next producer of neodymium and praseodymium concentrate used in permanent magnets, will use Wyloo’s funds to acquire a 22.1% stake in Neo Performance.