Unlocking Thacker Pass: General Motors to Contribute Combined …
1 day ago · Under the terms of the Investment Agreement, GM will acquire a 38% asset-level ownership stake in Thacker Pass for $625 million in total cash and letters of credit ("GM’s JV Investment ...
Unlocking Thacker Pass: General Motors to Contribute
1 day ago · Unlocking Thacker Pass: General Motors to Contribute Combined $625 Million in Cash and Letters of Credit to New Joint Venture with Lithium Americas ... FLI in this news release includes, but is ...
Lithium Americas revamps Thacker Pass deal with GM in new …
1 day ago · Credit: Lithium Americas. Shares in Lithium Americas (TSX: LAC; NYSE: LAC) jumped by 20.2% on Wednesday after it announced anew, $625 million joint venture agreement with General Motors for its ...
Lithium Americas revamps Thacker Pass deal with GM in new …
1 day ago · Under the deal that the developer calls the largest ever by a U.S. original equipment manufacturer in a lithium project, GM is to acquire a 38% stake in Thacker Pass for US$625 million in cash and letters of credit. The JV deal replaces the US$330 million in second tranche equity investment from GM announced in January 2023, and is in addition ...
General Motors to contribute $625 million to new JV ... - Automotive News
1 day ago · The Vancouver, Canada-based firm said GM will acquire a 38 percent asset-level ownership stake in Thacker Pass for $625 million, including $430 million of direct cash funding to support the ...
GM to invest $625 million in joint venture to mine EV ... - NBC News
1 day ago · NBC News Site Map; Help; Follow NBC News. news Alerts. There are no new alerts at this time. Search. Facebook; ... GM will have a 38% interest in Thacker Pass, according to the release. The joint ...
Lithium Americas Provides a Thacker Pass Construction Plan Update
Mar 14, 2024 · Mechanical completion of Thacker Pass Phase 1 is targeted for 2027 following a three-year construction period. Major construction is expected to commence in the second half of 2024 following the anticipated closing of the DOE Loan and issuance of FNTP.
Energy Department conditionally approves $2.26 billion loan for …
Mar 15, 2024 · The loan would help finance the a lithium carbonate processing plant at the Thacker Pass mine about 200 miles (322 kilometers) north of Reno — “the largest-proven lithium reserves in North America,” DOE said in a statement.
Lithium Americas' Thacker Pass Is Under Construction at One of …
19 hours ago · Thacker Pass is located in the McDermitt Caldera, in the mountains in northwest Nevada. Based on management’s recent technical studies, the caldera is one of the largest rock-based lithium ...
General Motors Bets $625 Million On Lithium Americas' Thacker Pass ...
1 day ago · GM will acquire a 38% ownership stake in the Thacker Pass mine for $430 million in cash and an additional $195 million interest-free credit facility. Lithium Americas said in a news release that ...