Lithium Americas revamps Thacker Pass deal with GM in new $625 million JV
For its 62% ownership of Thacker Pass, Lithium Americas will contribute $387 million to the JV and act as manager of the project.
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,
General Motors to invest $625m in Lithium Americas JV
General Motors (GM) will acquire a 38% stake in Thacker Pass for a total of $625m, with $430m in cash to aid Phase 1 construction.
General Motors To Invest $625M In Lithium Americas To Boost US EV Production
General Motors is set to invest $625m in Lithium Americas’ Thacker Pass project, boosting EV production,reducing reliance on China.
Lithium Americas, General Motors Holdings To Establish New JV
Wednesday announced that it has inked a new investment deal with General Motors Holdings LLC to establish a joint venture for the purpose of funding, developing, constructing and operating Thacker Pass in Humboldt County,
General Motors to contribute $625 million to new JV with Lithium Americas
Canadian miner Lithium Americas said on Wednesday General Motors will contribute $625 million to their new joint venture for developing the Thacker Pass project in Nevada. U.S. automakers are ramping up their output of EVs and hybrids and aiming to reduce their reliance on China for battery-related materials in a competitive market.
General Motors to contribute $625M in cash, credit to new JV with Lithium Americas
Lithium Americas (NYSE:LAC) +19.4% pre-market Wednesday after announcing a new investment agreement with General Motors (GM) to establish a joint venture for the construction and operation of Thacker Pass in Nevada.
Lithium Americas: The Unloved Market Is Getting Some Attention
New ownership structure of Thacker Pass, with Lithium Americas holding 62% and General Motors 38%, is a positive development.
GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.
The deal is centered on the development, construction and operation of a lithium carbonite mining operation called Thacker ...
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General Motors founds joint venture for lithium production
Lithium producer Lithium Americas has entered into a new investment agreement with automotive company General Motors to form ...
Lithium Americas: You Ain't Seen Nothing Yet
Unlocking funding and pending loans, Lithium Americas offers strong long-term potential in the growing lithium market despite ...
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General Motors to Invest $625M in JV to Source Lithium for EV Battery
The partnership focuses on developing, building and operating the Thacker Pass lithium carbonate mining project in ...
Nevada lithium mine gets $625M boost from auto manufacturer
The Thacker Pass mine, which will provide lithium needed to make electric vehicle batteries, is expected to be operational by ...
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GM Partners with Lithium Americas for $625 million joint venture
GM has entered into a $625 million joint venture with Lithium Americas to develop and operate a lithium carbonate mining ...
GM makes a $625 million lithium-battery move to shore up its EV supply chain
General Motors is investing $625 million in the electric-vehicle supply chain.The funds are set to help Lithium Americas Corp ...