GM to invest $625M in Lithium Americas joint venture for Thacker Pass

General Motors and Lithium Americas entered into an investment agreement on October 16, 2024 to establish a joint venture for the Thacker Pass lithium project in Nevada. GM will acquire a 38% stake for $625 million in cash and letters of credit, replacing a previous $330 million investment commitment.

“The JV Transaction will deliver $625 million of cash and letters of credit from GM to Thacker Pass alongside the conditional commitment for a $2.3 billion U.S. Department of Energy loan.”lithiumamericas.com

• 1 source
• lithiumamericas.comGeneral Motors to Contribute Combined $625 Million in ...Oct 16, 2024

Summarized from public sources; check the original articles before acting on it.