News Details - Lithium Americas
5 days ago · (All amounts in US$ unless otherwise indicated) Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“ Lithium Americas ” or the “ Company ”) today announced the closing of its previously announced joint venture (the “ JV ”) with General Motors Holdings LLC (“ GM ”) to fund, develop, construct and operate Thacker Pass in Humboldt County, Nevada to supply battery-quality lithium ...
Lithium Americas Announces Closing of Thacker Pass Joint …
5 days ago · “Together, Lithium Americas and GM are focused on bringing Thacker Pass to production to significantly improve domestic output of critical lithium supply to reduce dependence on foreign ...
Lithium Americas Announces Closing of Thacker Pass Joint …
4 days ago · "Together, Lithium Americas and GM are focused on bringing Thacker Pass to production to significantly improve domestic output of critical lithium supply to reduce dependence on foreign...
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’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 ...
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 ...
Lithium Americas Announces Closing of Thacker Pass Joint …
4 days ago · “Together, Lithium Americas and GM are focused on bringing Thacker Pass to production to significantly improve domestic output of critical lithium supply to reduce dependence on foreign suppliers and to start creating new jobs and bringing economic activity to northern Nevada,” said Jonathan Evans, President and CEO of ...
Lithium Americas Provides a Thacker Pass Construction Plan …
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 “ …
Lithium Americas and GM close joint venture for Thacker Pass …
4 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. The deal’s closing provides another boost for the giant lithium mine, months after the US finalized a $2.26 billion loan for the Nevada project.
Lithium Americas Provides Thacker Pass Update with Q3 2023 …
Thacker Pass is expected to generate over 1,500 construction jobs. In Humboldt County, Phase 1 and 2 construction activities are estimated to generate approximately $725 million of economic...
12 questions about Lithium Americas' $2.3 billion Thacker Pass …
Jul 6, 2023 · General Motors is investing in the Thacker Pass Project – $320 million has already been paid with $330 million more coming later this year, making it our largest shareholder. For that...