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 is investing $625 million in the domestic EV supply chain, partnering with Lithium Americas Corp to develop a ...
GM's capital is set to help build a Nevada mine that would provide lithium that could be used to make electric-vehicle ...
Key Takeaways Lithium Americas and General Motors have formed a joint venture to extract lithium from the Thacker Pass site ...
Previously, GM invested $320 million into Lithium Americas in exchange for 15 million shares back in February of last year.
GM is aiming to source more of its raw materials for electric vehicles from the U.S, to manage battery cell costs and ...
US carmaker seeks to secure supply of metal expected to suffer shortfalls because of rising demand in switch to EVs ...
The Thacker Pass mine, which will provide lithium needed to make electric vehicle batteries, is expected to be operational by ...
Lithium Americas is a high-risk, high-reward investment, akin to a call option on lithium demand. Read why I remain very ...
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