Lithium Americas Corp. (TSE:LAC) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Lithium Americas Corp. (LAC) and General Motors Holdings LLC (GM) have agreed to extend the Tranche 2 Investment agreement to December 31, 2024, which includes conditions for termination notices and the potential acceleration of the investment completion. The agreement outlines various scenarios under which the Tranche 2 Closing can occur, subject to conditions such as the execution of a Loan Arrangement and Reimbursement Agreement (LARA) related to a DOE Loan. Additionally, the deal grants GM exclusive rights to purchase 100% of the lithium produced from a Phase 2 expansion of LAC’s Thacker Pass Project under certain terms.
For further insights into TSE:LAC stock, check out TipRanks’ Stock Analysis page.
