# 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.

- Type: Partnership
- Announced: 2024-10-16
- Where: Humboldt County, Nevada, United States
- Value: $625.0M
- Status: announced
- Products: lithium carbonate
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Lithium Americas](https://endata.com/companies/10335.md)
- [General Motors](https://endata.com/companies/4654.md) (investor)

## Sources

- [lithiumamericas.com](https://lithiumamericas.com/news/news-details/2024/Unlocking-Thacker-Pass-General-Motors-to-Contribute-Combined-625-Million-in-Cash-and-Letters-of-Credit-to-New-Joint-Venture-with-Lithium-Americas/default.aspx), 2024-10-16: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.