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Top Gainers&Losers·Lithium Americas targets Thacker Pass Phase 1 mechanical completion in late 2027, commercial output in 2028
PUBT·- Lithium Americas announced that Phase 1 of the Thacker Pass project targets mechanical completion in late 2027 and commercial production in 2028, aiming for 40,000 tonnes of battery-grade lithium carbonate annually. - Project funding includes a US $2.23 billion US DOE ATVM loan with US $1.45 billion advanced and a US $945 million investment from General Motors for a 38% joint venture interest. - The estimated Phase 1 capital expenditure is US $2.93 billion, with 2026 capex guidance established between US $1.3 billion and US $1.6 billion.