GM to help Lithium Americas unlock Thacker Pass
1 day ago · Lithium Americas and General Motors have entered into a new investment agreement, which establishes a joint venture to bring the Thacker Pass lithium mine in Humboldt County, Nev., on line.. Under the terms of the deal, GM will deliver US$625 million of cash and letters of credit to Thacker Pass alongside a conditional commitment of a …
GM, Lithium Americas agree to $625 million joint venture
5 days ago · The deal is centered on the development, construction and operation of a lithium carbonite mining operation called Thacker Pass in Humboldt County, Nevada.
Unlocking Thacker Pass: General Motors to Contribute Combined …
5 days 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 ...
General Motors to contribute $625 million to new JV with Lithium ...
5 days ago · The Vancouver, Canada-based firm said GM will acquire a 38% asset-level ownership stake in Thacker Pass for $625 million, which includes $430 million of direct cash funding to support the...
Lithium Americas revamps Thacker Pass deal with GM in new …
5 days 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 ...
GM Strengthens Lithium Supply Chain with US$625 Million …
This week's agreement also extends GM's current Thacker Pass offtake agreement, with the company now having the right to up to 100 percent of production volumes from Phase 1 for 20 years. Once the ...
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.
Biden administration clarifies 1872 Mining Law; says huge Nevada ...
May 16, 2023 · The department says the new solicitor's opinion will help clarify mineral rights under the 1872 law to reflect the “realities of the 21st century.” A federal appeals court plans to hear oral arguments next month as tribes and environmentalists fight the …
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.
US government to lend Lithium Americas $2.26 bln for Nevada's Thacker …
Mar 14, 2024 · The U.S. Department of Energy plans to lend Lithium Americas up to $2.26 billion to build Nevada's Thacker Pass lithium project, one of Washington's largest investments to date in the mining ...