Lithium Americas Corp. (TSE:LAC) has released an update.
Lithium Americas Corp. has secured a $2.26 billion loan from the U.S. Department of Energy to fund the construction of lithium processing facilities at Thacker Pass in Nevada. This development is further supported by a joint venture with General Motors, which will see GM acquire a 38% stake in the project for $625 million. The initiatives are set to bolster Lithium Americas’ position in the lithium market crucial for electric vehicle batteries.
For further insights into TSE:LAC stock, check out TipRanks’ Stock Analysis page.
