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 ...
General Motors is eyeing further North American investments in lithium and other critical minerals used to build electric ...
New ownership structure of Thacker Pass, with Lithium Americas holding 62% and General Motors 38%, is a positive development.
General Motors is investing $625 million in the domestic EV supply chain, partnering with Lithium Americas Corp. to develop a ...
Previously, GM invested $320 million into Lithium Americas in exchange for 15 million shares back in February of last year.
Lithium Americas is a high-risk, high-reward investment, akin to a call option on lithium demand. Read why I remain very ...
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 ...
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