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
- 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