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General Motors to contribute $625M in cash, credit
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 surges as it announces new joint venture with General Motors for Thacker Pass construction, replacing previous equity commitment.
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.
Benzinga (Video) on MSN
1h
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 ...
12h
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 ...
37m
on MSN
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 ...
Supply Chain
3h
GM Invests $625M in EV Battery Material Mining Operation
GM is aiming to source more of its raw materials for electric vehicles from the U.S, to manage battery cell costs and ...
4h
on MSN
Mine Deal With GM Sends Lithium Americas Stock Flying
Lithium Americas and General Motors have formed a joint venture to extract lithium from the Thacker Pass site in Nevada.
Canadian Mining Journal
5h
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 ...
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