Mine Deal With GM Sends Lithium Americas Stock Flying [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
GM will provide $625 million in cash and credit and own a 38% stake in the project. GM said improving the domestic supply chain for lithium and other materials needed for electric vehicle batteries will help it manage costs. Shares of Lithium Americas ( LAC ) skyrocketed Wednesday after the mining company announced the creation of a joint venture with General Motors ( GM ) to extract lithium, the element used in electric vehicle (EV) batteries, from a key Nevada mine. Lithium Americas said that GM would put up $625 million and acquire a 38% stake in the Thacker Pass site. It added that $430 million of the money would be in a direct cash payment to support the construction of Phase 1 of the Thacker Pass lithium mine site, with the remaining in the form of credit that can be used as collateral to support reserve account requirements for a Department of Energy conditional $2.3 billion loan to develop Thacker Pass announced in March. Lithium Americas would invest $211 million ini
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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