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GM, EV and Lithium Americas
GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.
The deal is centered on the development, construction and operation of a lithium carbonite mining operation called Thacker Pass in Humboldt County, Nevada.
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.
GM makes a $625 million lithium-battery move to shore up its EV supply chain
General Motors is investing $625 million in the domestic EV supply chain, partnering with Lithium Americas Corp to develop a lithium mine in Nevada.
5h
Lithium Americas: The Unloved Market Is Getting Some Attention
New ownership structure of Thacker Pass, with Lithium Americas holding 62% and General Motors 38%, is a positive development.
1d
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 ...
2h
on MSN
After Nevada lithium deal, GM eyes other sources for EV minerals supply
General Motors is eyeing further North American investments in lithium and other critical minerals used to build electric ...
cbtnews
4h
GM Partners with Lithium Americas for $625 million joint venture
GM has entered into a $625 million joint venture with Lithium Americas to develop and operate a lithium carbonate mining ...
electrive
8h
General Motors founds joint venture for lithium production
Lithium producer Lithium Americas has entered into a new investment agreement with automotive company General Motors to form ...
GlobalData on MSN
10h
General Motors to invest $625m in Lithium Americas JV
General Motors (GM) will acquire a 38% stake in Thacker Pass for a total of $625m, with $430m in cash to aid Phase 1 ...
5h
Lithium Americas: You Ain't Seen Nothing Yet
Unlocking funding and pending loans, Lithium Americas offers strong long-term potential in the growing lithium market despite ...
Mining
1d
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 ...
Canadian Mining Journal
1d
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 ...
4d
Lithium Americas: Aggressive Lithium Call Option
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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Related topics
Lithium Americas
General Motors
United States Department of Energy
Joint venture
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