https://newsletter.en.creamermedia.com
Motors|PROJECT
Motors|PROJECT
motors|project

Lithium Americas and GM close joint venture for Thacker Pass mine

23rd December 2024

By: Reuters

  

Font size: - +

Lithium Americas said on Monday it has closed its joint venture with US automaker General Motors to develop the Thacker Pass lithium mine in Nevada.

The miner's CEO, Jonathan Evans said that the company is expected to make a final investment decision on the project in early 2025.

Under the JV agreement, first announced in October, GM would contribute $625-million to the project to gain a 38% stake in Thacker Pass in the form of cash and a credit facility.

The deal's closing provides another boost for the giant lithium mine, months after the US finalised a $2.26-billion loan for the Nevada project.

Though the loan was granted under the Biden Administration, the US President-elect Donald Trump had approved the mine during his previous term.

Thacker Pass, slated to open later this decade, is expected to produce 40 000 metric tons of battery-quality lithium carbonate per year in its first phase, enough for up to 800 000 electric vehicles.

Edited by Reuters

Comments

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 04 April 2025
Magazine round up | 04 April 2025
4th April 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.11 0.436s - 168pq - 2rq
Subscribe Now