An announcement from Lithium Americas Corp. ( (TSE:LAC) ) is now available.
Lithium Americas Corp. reported its 2024 financial results and provided significant updates on its Thacker Pass lithium project. The company is progressing with the development of Thacker Pass, having secured strategic investments and partnerships, including a $250 million investment from Orion Resource Partners and a joint venture with GM worth $625 million. Additionally, a $2.26 billion loan from the U.S. Department of Energy will support the construction of processing facilities. These developments position Lithium Americas to achieve fully funded status for Phase 1 of Thacker Pass, targeting production by late 2027, and highlight its commitment to enhancing the North American lithium supply chain.
More about Lithium Americas Corp.
Lithium Americas Corp. operates in the mining industry, focusing on the development and production of lithium, a key component in battery technology. The company is primarily engaged in advancing its Thacker Pass lithium project in Nevada, aiming to establish a North American lithium supply chain.
YTD Price Performance: -6.21%
Average Trading Volume: 4,629,872
Technical Sentiment Signal: Buy
Current Market Cap: $630.1M
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