General Motors to contribute $625 million to new JV with Lithium Americas [Yahoo! Finance]
Lithium Americas Corp. Common Shares (LAC)
Last lithium americas corp. common shares earnings: 11/12 07:00 am
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Source: Yahoo! Finance
contribute $625 million to their new joint venture for developing the Thacker Pass project in Nevada. U.S. automakers are ramping up their output of EVs and hybrids and aiming to reduce their reliance on China for battery-related materials in a competitive market. U.S.-listed shares of Lithium Americas were up 16.5% at $3.11 in premarket trade. The Vancouver, Canada-based firm said GM will acquire a 38% asset-level ownership stake in Thacker Pass for $625 million, which includes $430 million of direct cash funding to support the construction of Phase 1 and a $195 million letter of credit facility. The new agreement replaces the delayed investment worth $330 million in August by both companies. Earlier this year, the U.S. Department of Energy had planned to lend Lithium Americas up to $2.26 billion to build the Thacker Pass lithium project, which holds enough of the battery metal to build 1 million electric vehicles annually. The company said it expects to close the DOE loa
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LAC
News
- Lithium Americas Reports Strong Q3 2024 Progress [Yahoo! Finance]Yahoo! Finance
- Lithium Americas Corp. (NYSE: LAC) had its price target raised by analysts at B. Riley from $4.50 to $5.00. They now have a "buy" rating on the stock.MarketBeat
- Lithium Americas Reports Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Lithium Americas Reports Third Quarter 2024 ResultsBusiness Wire
- Lithium Americas Corp. (LAC) Stock Moves -0.73%: What You Should Know [Yahoo! Finance Canada]Yahoo! Finance Canada
LAC
Earnings
- 5/13/24 - Beat
LAC
Sec Filings
- 11/7/24 - Form 6-K
- 11/5/24 - Form 6-K
- 10/17/24 - Form SC
- LAC's page on the SEC website