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 ...
Previously, GM invested $320 million into Lithium Americas in exchange for 15 million shares back in February of last year.
The Thacker Pass mine, which will provide lithium needed to make electric vehicle batteries, is expected to be operational by ...
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