Unlocking Thacker Pass: General Motors to Contribute Combined …
1 day ago · The JV Transaction will deliver $625 million of cash and letters of credit from GM to Thacker Pass alongside the conditional commitment for a $2.3 billion U.S. Department of Energy ("DOE") loan ...
News Details - Lithium Americas
2 days ago · The JV Transaction will deliver $625 million of cash and letters of credit from GM to Thacker Pass alongside the conditional commitment for a $2.3 billion U.S. Department of Energy ... The scientific and technical information in this news release has been reviewed and approved by Rene LeBlanc, PhD, SME, Vice President, Growth and Product ...
2024-10-16 | Unlocking Thacker Pass: General Motors to
2 days ago · The JV Transaction will deliver $625 million of cash and letters of credit from GM to Thacker Pass alongside the conditional commitment for a $2.3 billion U.S. Department of Energy ... The scientific and technical information in this news release has been reviewed and approved by Rene LeBlanc, PhD, SME, Vice President, Growth and Product ...
Lithium Americas revamps Thacker Pass deal with GM in new …
1 day ago · GM is to extend its existing offtake agreement with Lithium Americas for up to 100% of production volumes from Thacker Pass’ first stage to 20 years to support the expected maturity of the DOE loan.
General Motors to contribute $625 million to new JV with Lithium ...
1 day ago · U.S.-listed shares of Lithium Americas were up 16.5 percent at $3.11 in premarket trade. The Vancouver, Canada-based firm said GM will acquire a 38 percent asset-level ownership stake in Thacker ...
Lithium Americas Provides a Thacker Pass Construction Plan Update
Mar 14, 2024 · In January 2023, GM agreed to invest $650 million in Lithium Americas across two tranches for the development of Thacker Pass, representing the largest investment publicly disclosed to date by an automaker in a company to produce battery raw materials (the “GM Investment”). GM has exclusive access to 100% of the lithium production from ...
News Details - Lithium Americas
Aug 30, 2024 · Along with the extension, GM has reaffirmed its intention to complete the additional $330 million investment to support development of Thacker Pass, which is the largest known Measured and Indicated lithium resource in North America.
GM and Lithium Americas invest in U.S. lithium EV battery ... - GM News
Jan 31, 2023 · General Motors and Lithium Americas Corp. announced today they will jointly invest to develop the Thacker Pass mine in Nevada, which is the largest known source of lithium in the United States and the third largest in the world.
Nevada lithium mine, Thacker Pass, gets $625 million from …
1 day ago · The Thacker Pass mine, which will provide lithium needed to make electric vehicle batteries, is expected to be operational by 2028. Construction continues at the Lithium Americas Corp. mine site ...
General Motors to contribute $625M in cash, credit to new JV with ...
1 day ago · GM will acquire a 38% asset-level ownership stake in Thacker Pass for $625M in total cash and letters of credit, including $430M of direct cash funding to the JV to support the construction of ...