Lithium Americas and GM close joint venture for Thacker Pass mine 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 U.S. finalized a $2.26 billion loan for the Nevada project.
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Lithium Americas has finalized its joint venture with General Motors to develop the Thacker Pass lithium mine in Nevada. GM will invest $625 million for a 38% stake in the project. A final investment decision is expected in early 2025. This deal follows a $2.26 billion loan from the U.S. government for the project, which is anticipated to produce 40,000 metric tons of battery-quality lithium carbonate annually, sufficient for 800,000 electric vehicles.
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