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. In total, GM has now invested $750 million into Lithium Americas and the joint venture, not including the $195 million line of credit.
Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") announced the Company and General Motors ...
Key Takeaways Lithium Americas and General Motors have formed a joint venture to extract lithium from the Thacker Pass site ...
The deal is centered on the development, construction and operation of a lithium carbonite mining operation called Thacker ...
For its 62% ownership of Thacker Pass, Lithium Americas will contribute $387 million to the JV and act as manager of the ...
Lithium Americas surges as it announces new joint venture with General Motors for Thacker Pass construction, replacing ...
Shares in Lithium Americas (TSX: LAC; NYSE: LAC) jumped by 20.2% on Wednesday after it announced anew, US$625-million joint ...
Investor's Business Daily on MSN14h
General Motors Bets $625 Million On Lithium Americas Project; LAC Stock JumpsLithium Americas will get a further $625 million from General Motors to move forward with its Thacker Pass, Nev., mine. LAC ...
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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