LAC & GM Close Thacker Pass JV: Is Lithium Americas a Buy Now?
3 days ago · Shares of Lithium Americas Corp. LAC surged nearly 6.7% yesterday following the closure of its joint venture with General Motors GM. The agreement centers on the Thacker Pass lithium project, a ...
News Details - Lithium Americas
5 days ago · Lithium Americas now holds a 62% interest in Thacker Pass and will manage the Project. GM has acquired a 38% interest in Thacker Pass for $625 million in total cash and letters of credit (“GM’s JV Investment”), comprised of $430 million of direct cash funding to the JV to support the construction of Phase 1 1 and a $195 million letter of ...
Lithium Americas Announces Closing of Thacker Pass Joint
5 days ago · Lithium Americas now holds a 62% interest in Thacker Pass and will manage the Project. GM has acquired a 38% interest in Thacker Pass for $625 million in total cash and letters of credit (“GM ...
GM And Lithium Americas Close JV To Develop Nevada Mine
4 days ago · Thacker Pass is 62 percent owned by Lithium Americas, and GM has a 38 percent interest for a total of $625 million in cash and letters of credit. GM has already contributed $330 million of cash to ...
Lithium Americas and GM close joint venture for Thacker Pass mine
5 days ago · Under the JV agreement, first announced in October, GM would contribute $625 million to the project to gain a 38% stake in Thacker Pass in the form of cash and a credit facility.
Lithium Americas Provides a Thacker Pass Construction Plan Update
Mar 14, 2024 · In January 2023, GM agreed to invest $650 million in Lithium Americas across two tranches for the development of Thacker Pass, representing the largest investment publicly disclosed to date by an automaker in a company to produce battery raw materials (the “ …
News Details - Lithium Americas
Oct 16, 2024 · The JV Transaction will deliver $625 million of cash and letters of credit from GM to Thacker Pass alongside the conditional commitment for a $2.3 billion U.S. Department of Energy (“DOE”) loan announced earlier this year.
General Motors Bets $625 Million On Lithium Americas' Thacker Pass ...
Oct 16, 2024 · General Motors is putting up $625 million to green-light Lithium Americas' Thacker Pass project in Nevada, which has the largest-known deposit of the key battery metal in the U.S. The terms...
General Motors Postpones $330M Investment in Thacker Pass …
Sep 2, 2024 · In January 2023, the legendary automaker announced a $650 million investment in Lithium Americas to assist the miner in developing Thacker Pass, the largest Measured and Indicated lithium...
Lithium Americas and GM close joint venture for Thacker Pass mine
4 days ago · Lithium Americas said on Monday it has closed its joint venture with US automaker General Motors to develop the Thacker Pass lithium mine in Nevada. The miner’s CEO, Jonathan Evans said that the company is expected to make a final investment decision on …
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