Unlocking Thacker Pass: General Motors to Contribute Combined $625 Million in Cash and Letters of Credit to New Joint Venture with Lithium Americas
Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") announced the Company and General Motors Holdings LLC ("GM") have entered into a new investment agreement ("Investment Agreement") to establish a joint venture ("JV") for the purpose of funding,
The deal is centered on the development, construction and operation of a lithium carbonite mining operation called Thacker ...
New ownership structure of Thacker Pass, with Lithium Americas holding 62% and General Motors 38%, is a positive development.
General Motors is eyeing further North American investments in lithium and other critical minerals used to build electric ...
General Motors is investing $625 million in the domestic EV supply chain, partnering with Lithium Americas Corp. to develop a ...
Unlocking funding and pending loans, Lithium Americas offers strong long-term potential in the growing lithium market despite ...
Previously, GM invested $320 million into Lithium Americas in exchange for 15 million shares back in February of last year.
Canada's Lithium Americas said General Motors will boost a planned investment in the miner's Thacker Pass project in Nevada by nearly 90% to $625 million, giving the auto maker an ownership stake in ...
Lithium Americas is a high-risk, high-reward investment, akin to a call option on lithium demand. Read why I remain very ...
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