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$Lithium Americas

Lithium Americas (NYSE: LAC) has secured a $2.26 billion loan from the U.S. Department of Energy for its Thacker Pass project in Nevada. The loan includes $1.97 billion in principal and $290 million in capitalized interest during construction. This financing, combined with General Motors' $625 million investment for a 38% stake in the project, will fund Phase 1 development targeting 40,000 tonnes per annum of battery-quality lithium carbonate production by 2027. The project is expected to create 1,800 construction jobs and 360 permanent positions, with potential to support lithium needs for up to 800,000 EVs annually.
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