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General Motors to contribute $625M in cash, credit to new JV with Lithium Americas
Lithium Americas (NYSE:LAC) +19.4% pre-market Wednesday after announcing a new investment agreement with General Motors (GM) to establish a joint venture for the construction and operation of Thacker Pass in Nevada.
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.
General Motors to contribute USD 625 mln to new JV with Lithium Americas
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, General Motors Holdings To Establish New JV
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,
Lithium Americas Says GM Boosts Investment in Lithium Project
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.
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 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.
Sports Business Journal
1d
SBJ Marketing: Oak View, MSG dissolve Crown Properties sponsorship JV
The Hawks have a new cornerstone sponsorship deal with Kaiser Permanente Georgia, designating them as the team’s official ...
inc42
1d
Urban Company Forms JV To Fuel Saudi’s Home Service Business
The
JV
, Waed Khadmat Al-Munzal for Marketing Co., is aimed at augmenting the domestic service landscape in the Kingdom of ...
Executive Gov
2d
DOD Seeks Comments on Proposed JV Eligibility DFARS Amendment
The DOD's Defense Acquisition Regulations System will accept comments on the proposed DFARS amendment until Dec. 9.
Bisnow
1d
Blue Owl, Primary Digital Infrastructure And Crusoe Form $3.4B AI Data Center JV
While a newcomer in the real estate scene, Blue Owl Capital has been active in 2024, particularly in the data center sphere.
High School OT
6d
Week 8 JV football scores from across North Carolina
Welcome in to our week eight scoreboard of JV scores across North Carolina. HighSchoolOT is compiling the JV final scores ...
Spotify
1d
The Circuit Group forms artist development JV with ALT:Vision Management and Records
The Circuit Group, a music company founded by veterans from artist management firms Seven20 and AYITA, has established an ...
1d
Blue Owl Capital Forms $3.4 Bln JV to Fund Texas AI Data Center
Blue Owl Capital has formed a $3.4-billion joint venture with Crusoe Energy Systems and Primary Digital Infrastructure to fund an AI data center in Texas.
9d
India should double customs duty on steel to check imports, says CEO of ArcelorMittal's India JV
India should double the customs duty on steel to check imports as the country faces dumping of steel and predatory pricing, ...
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