Wednesday, 30 October 2024
Home News Unlocking Thacker Pass: General Motors to Contribute Combined $625 Million in Cash and Letters of Credit to New Joint Venture with Lithium Americas

The following content is a news release distributed by . The original news release may be found here.

Unlocking Thacker Pass: General Motors to Contribute Combined $625 Million in Cash and Letters of Credit to New Joint Venture with Lithium Americas

VANCOUVER, British Columbia--(BUSINESS WIRE)---- $LAC #Nevada--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, developing, constructing and operating (the “JV Transaction”) Thacker Pass in Humboldt County, Nevada (“Thacker Pass” or the “Project”). The JV Transaction will deliver $625...

Read the full news release here

Organizations

Related Articles

An image featuring the BYD logo with silhouettes of people in the background.
AutomotiveBusinessElectric Vehicles

Chinese EV giant BYD beats Tesla in quarterly revenue for first time

China's BYD reported surging sales, surpassing Tesla in quarterly revenue for the...

Cars to be exported sit at a terminal in the port of Yantai, Shandong province, China January 10, 2024. China Daily via REUTERS/File Photo
AutomotiveBusinessElectric VehiclesPoliticsTrade

China tells carmakers to pause investment in EU countries backing EV tariffs, sources say

China advises automakers to halt investments in EU nations backing new EV...

FILE PHOTO: People stand near the full-scale prototype of electric vertical take-off and landing (eVTOL) aircraft developed by Eve Air Mobility, an Embraer group company, as it is presented for the first time in Gaviao Peixoto, Brazil July 3, 2024. REUTERS/Amanda Perobelli/File Photo
AviationBusinessElectric VehiclesTransport

Embraer’s Eve gets $50 million Citi loan to fund ‘flying car’ development

Eve secures a $50 million Citibank loan, boosting funds for its eVTOL...

Login into your Account

Please login to like, dislike or bookmark this article.