General Motors to Invest $625M in JV to Source Lithium for EV Battery [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
LAC. Per the JV, the automaker will supply $625 million in cash and credit to the Canadian mining company. The partnership focuses on developing, building and operating the Thacker Pass lithium carbonate mining project in Humboldt County, NV. The construction at the site began in March 2023 after Lithium Americas successfully resolved a lengthy and complicated legal battle with conservationists, ranchers and Indigenous groups. Lithium is a crucial component of electric vehicle (EV) batteries. This agreement replaces a previously announced equity investment by GM into the Vancouver-based company. Sourcing U.S. lithium is essential for General Motors' plans to make its EV business lucrative and comply with tightening federal requirements for incentives to manufacture EVs and batteries. Per Jeff Morrison, senior vice president of global purchasing and supply chain at GM, sourcing EV materials like lithium from the United States will help manage battery cell costs, benefit customers a
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LAC
News
- Auto Roundup: HMC-NSANY Merger Plans, GM's Thacker Pass JV Deal & More [Yahoo! Finance]Yahoo! Finance
- LAC & GM Close Thacker Pass JV: Is Lithium Americas a Buy Now? [Yahoo! Finance]Yahoo! Finance
- Lithium Americas Announces Closing of Thacker Pass Joint Venture with General MotorsBusiness Wire
- Lithium Americas Corp. (NYSE: LAC) is now covered by analysts at Wedbush. They set a "neutral" rating and a $5.00 price target on the stock.MarketBeat
- Lithium Americas Corp.'s (TSE:LAC) market cap dropped CA$388m last week; individual investors who hold 56% were hit as were institutions [Yahoo! Finance]Yahoo! Finance
LAC
Earnings
- 5/13/24 - Beat
LAC
Sec Filings
- 12/23/24 - Form SCHEDULE
- 12/23/24 - Form 6-K
- 11/7/24 - Form 6-K
- LAC's page on the SEC website