On December 20, 2022, Lithium Americas Corp. announced an arrangement agreement to acquire all issued and outstanding common shares of Arena Minerals Inc. not previously owned by Lithium Americas. As part of the deal, Arena’s shareholders would receive 0.0226 of a Lithium Americas common share for each Arena share held, placing the total equity transaction value at approximately C$311 million. This acquisition allows Lithium Americas to consolidate the promising Pastos Grandes basin and will potentially enhance lithium production in a vital global region. By the agreement's terms, Arena shareholders also gain exposure to Lithium Americas' near-term producing Caucharí-Olaroz project and the advanced development Thacker Pass project. The acquisition underwent several regulatory and court approvals, with expectations for the transaction's completion set for Q3 2023. To finalize the arrangement, Arena's shares would be delisted from the TSX-Venture Exchange (TSX-V). As of April 20, 2023, the acquisition was completed. Arena, which owns 65% of the Sal de la Puna project in Salta, Argentina, is now entirely owned by Lithium Americas. In exchange for their shares, Arena shareholders received 0.0226 of a Lithium Americas common share and $0.0001 in cash for each Arena share they held before the arrangement's closure. Consequently, Lithium Americas issued approximately 8.4 million common shares to former Arena securityholders. Trading of Arena shares on the TSX-V will remain halted until its delisting.