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 e...

Loop Industries reported its Q2 fiscal 2025 results and provided updates on financing and commercialization plans. Key highlights include:
1. Reed financing expected to be finalized in November 2024, providing an initial tranche of €10 million in a Convertible Preferred Security.
2. Progress on Infinite Loop™ India manufacturing facility, with Gujarat province selected as the location.
3. Q2 expenses totaled $4.9 million, with a projected run rate of $1.0 million per month for the balance...

Virgin Galactic has completed its 12th successful spaceflight, 'Galactic 07,' marking its second spaceflight of 2024. The mission carried one researcher and three private astronauts, including Turkish astronaut Tuva Cihangir Atasever. The flight conducted several experiments for space-based scientific research. The company has now completed seven research missions. Virgin Galactic's spacecraft, VSS Unity, made its final commercial flight and achieved significant milestones, reaching an apoge...