GM doubles down on EV batteries, invests $625M in lithium project [Yahoo! Finance Canada]
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 Canada
GM and miner Lithium Americas ( LAC ) announced the two companies will create a joint venture to develop and mine a site known as “Thacker Pass” in Humboldt County, Nev. GM will invest the $625 million in the form of a $430 million direct payment and $195 million in credit to support construction of the site. The inclusion of the $195 million in credit unlocks a critical Department of Energy loan worth $2.3 billion to support the project. "Sourcing critical EV raw materials, like lithium, from suppliers in the US, is expected to help us manage battery cell costs, deliver value to our customers and investors, and create jobs," said Jeff Morrison, GM senior vice president of global purchasing and supply chain, in a statement. Added Lithium Americas CEO Jonathan Evans, "Today's joint venture announcement is a win-win for GM and Lithium Americas. GM's JV Investment demonstrates their continued support and helps us to unlock the previously announced $2.3 billion DOE Loan.” The clay
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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