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...
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