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Stock impact report

General Motors Postpones $330M Investment in Thacker Pass Project [Yahoo! Finance]

Lithium Americas Corp. Common Shares (LAC) 
Last lithium americas corp. common shares earnings: 11/12 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
In January 2023, the legendary automaker announced a $650 million investment in Lithium Americas to assist the miner in developing Thacker Pass, the largest Measured and Indicated lithium resource in North America, which has enough lithium to produce one million electric vehicles annually. The first part of this two-tranche investment was completed in February 2023. Lithium Americas was considering alternative structures for the second part of the investment and extended the deal closure date to Dec. 20, 2024. If the deal isn't closed by then, Lithium Americas will need to grant additional rights to General Motors. The conditions for the second part of the investment include the successful execution of a $2.26 billion loan agreement with the U.S. Department of Energy (DOE) under the Advanced Technology Vehicles Manufacturing Loan Program, for which the DOE has provided a conditional commitment. LAC continues to work closely with the DOE and anticipates completing both the DOE loan Show less Read more
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