Canada’s Lithium Americas said General Motors GM 1.38 % increase; green up pointing triangle will boost a planned second investment in the miner’s Thacker Pass project in Nevada by nearly 90% ...

Lithium Americas shares surged over 20% following the news. GM will hold a 38% stake in the project, with the venture expected to strengthen GM’s EV supply chain. More for You ...

Thacker Pass is 62-percent owned by Lithium Americas, and GM has a 38-percent interest for a total of $625 million in cash and letters of credit.

Lithium Americas said that GM would put up $625 million and acquire a 38% stake in the Thacker Pass site. It added that $430 million of the money would be in a direct cash payment to support the ...

GM And Lithium Americas Close Joint Venture To Develop Thacker Pass Mine . By George Barta. December 23, 2024 1:17 pm . Facebook Twitter LinkedIn Pinterest Email Print. Sponsored.

Lithium Americas announced final investment decision for Thacker Pass lithium mine in Nevada; $442M funded, $2.26B loan secured.

On January 30, 2023, Old LAC2 entered into a purchase agreement with GM, pursuant to which GM agreed to make a $650 million equity investment (the “Transaction”), the proceeds of which are to ...

With support from GM and a DOE grant, Lithium Americas should be able to complete the Thacker Pass project in the next three years or so. Analysts predict that shares of the stock will catapult ...

Lithium Americas Corp and GM face delays in closing their $330M investment due to low share price. JPMorgan analyst shares insight on potential dilution and risks. DOE loan could be a positive ...

(Reuters) -Lithium Americas said on Friday that General Motors had agreed to delay an additional investment worth $330 million in the miner until the end of the year. The U.S. automaker in January ...