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.
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.
Lithium Americas Says GM Boosts Investment
Canada’s Lithium Americas said General Motors will boost investment in the miner’s Thacker Pass project, which produces the critical ingredient for electric-vehicle batteries.
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.
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
(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, developing, constructing and operating Thacker Pass in Humboldt County, Nevada.
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 the mine producing the critical ingredient for electric-vehicle batteries.
GM's new US$625M investment sends Lithium Americas stock up 22%
GM's capital is set to help build a Nevada mine that would provide lithium that could be used to make electric-vehicle batteries
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, 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.
Mine Deal With GM Sends Lithium Americas Stock Flying
Key Takeaways Lithium Americas and General Motors have formed a joint venture to extract lithium from the Thacker Pass site ...
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 ...
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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 ...
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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 ...