lithium americas corp said wednesday that it has agreed to acquire millennial lithium corp for a total of consideration of around us400 million in cash and stock the company said that it has agreed to buy up all the outstanding shares of millennial by way of a plan of arrangement for 470 canadian dollars a share us374 payable in lithium americas shares and c0001 in cash the company said that based on lithium americas closing price on tuesday it would result in millennial shareholders owning around 91 of lithium americas stock millennial is focused on the development of its flagship lithium brine project pastos grandes in argentina this transaction is a rare opportunity to add a complementary lithium brine project and leverage our expertise developing caucharíolaroz as the largest new lithium carbonate operation to come online in over 20 years president and chief executive jonathan evans said