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, Lithium Americas to Form Joint Venture to Develop Thacker Pass Mine
General Motors (GM) and Lithium Americas (LAC) agreed to establish a joint venture that will see the automaker inject $625 million to develop and operate a lithium mine, a key raw material source for electric vehicles.
Lithium Americas (LAC) Surges on Exciting Joint Venture with GM
Lithium Americas and General Motors. The recent boost in Lithium Americas’ stock can be traced back to an exciting announcement regarding a new investmen
GM Partners With Lithium Americas In $625 Million Joint Venture To Develop Nevada Lithium Mine
General Motors has formed a joint venture with Lithium Americas Corp. to develop and operate the Thacker Pass lithium mine in Nevada. GM is investing $625 million into the venture, including $330 million in cash and a $195 million letter of credit facility.
General Motors to contribute $625 million ln to new JV with Lithium Americas
General Motors will contribute $625 million to a new JV with Lithium Americas, with the money going toward developing the Thacker Pass project in Nevada.
General Motors to contribute $625M in cash, credit to new JV with Lithium Americas
Lithium Americas surges as it announces new joint venture with General Motors for Thacker Pass construction, replacing ...
Mining14h
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 ...
GM doubles down on EV batteries, invests $625M in lithium project
Previously, GM invested $320 million into Lithium Americas in exchange for 15 million shares back in February of last year.
Lithium Americas, General Motors Holdings To Establish New JV
(RTTNews) - Lithium Americas Corp. (LAC.TO, LAC) 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, ...
Transport Topics16h
GM Invests $625 Million in Biggest US Lithium Project
GM will commit $625 million toward what’s likely to be one of the biggest U.S. lithium mines, reinforcing the automaker’s efforts to secure domestic supply of the battery metal critical for EVs.
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 ...
GM Ventures Invests $10 Mln Investment In Forge Nano
GM Ventures, the venture arm of General Motors (GM), has announced a $10 million investment in Forge Nano. General Motors and Forge ...
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Heritage Energy, OML30 JV Partners Enhance Indigenous Contractors’ Capacity
Heritage Energy Operational Services Limited (HEOSL), operators of the OML 30 assets on behalf of the joint venture between ...
Canadian Mining Journal11h
Lithium Americas revamps Thacker Pass deal with GM in new US$625M JV
Shares in Lithium Americas (TSX: LAC; NYSE: LAC) jumped by 20.2% on Wednesday after it announced anew, US$625-million joint ...
Lithium Americas Says GM Boosts Investment, Buys Stake in Nevada Lithium Project
Canada's Lithium Americas said General Motors will boost a planned investment in the miner's Thacker Pass project in Nevada by nearly 90% to $625 million, giving the auto maker an ownership stake in ...