GM doubles down on EV batteries, invests $625M in lithium project
Previously, GM invested $320 million into Lithium Americas in exchange for 15 million shares back in February of last year. In total, GM has now invested $750 million into Lithium Americas and the joint venture, not including the $195 million line of credit.
Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") announced the Company and General Motors ...
The deal is centered on the development, construction and operation of a lithium carbonite mining operation called Thacker ...
Key Takeaways Lithium Americas and General Motors have formed a joint venture to extract lithium from the Thacker Pass site ...
For its 62% ownership of Thacker Pass, Lithium Americas will contribute $387 million to the JV and act as manager of the ...
US carmaker seeks to secure supply of metal expected to suffer shortfalls because of rising demand in switch to EVs ...
General Motors will contribute $625 million to a new JV with Lithium Americas, with the money going toward developing the ...
Lithium Americas surges as it announces new joint venture with General Motors for Thacker Pass construction, replacing ...
Shares in Lithium Americas (TSX: LAC; NYSE: LAC) jumped by 20.2% on Wednesday after it announced anew, US$625-million joint ...
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