LAC & GM Close Thacker Pass JV: Is Lithium Americas a Buy Now? [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
The agreement centers on the Thacker Pass lithium project, a pivotal initiative aimed at bolstering North America's critical minerals supply chain. Inside the LAC-GM Partnership Lithium Americas and GM joined forces to develop the Thacker Pass project in Humboldt County, NV. This site is among the largest lithium reserves in the United States and ranks among the top five globally. GM has acquired a 38% stake in the project for $625 million, which includes $430 million in direct funding to the joint venture for Phase 1 construction and a $195 million letter of credit facility. Lithium Americas holds a 62% interest and will oversee project management. Initial funding has already begun, with GM contributing $330 million in cash and Lithium Americas adding $138 million. The remaining contributions from both parties will be made once the final investment decision for Phase 1 is reached, which is expected in early 2025. For GM, this joint venture is more than just securing a lithium
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LAC
News
- Auto Roundup: HMC-NSANY Merger Plans, GM's Thacker Pass JV Deal & More [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
- Lithium Americas Shares Rise 44% in 3 Months: How to Play the Stock? [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