GM doubles down on EV batteries, invests $625M in lithium project
Previously, GM invested $320 million into Lithium Americas in exchange for 15 million shares back in February of last year. In total, GM has now invested $750 million into Lithium Americas and the joint venture, not including the $195 million line of credit.
New ownership structure of Thacker Pass, with Lithium Americas holding 62% and General Motors 38%, is a positive development.
Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") announced the Company and General Motors ...
GM has entered into a $625 million joint venture with Lithium Americas to develop and operate a lithium carbonate mining ...
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General Motors to invest $625m in Lithium Americas JVGeneral Motors (GM) will acquire a 38% stake in Thacker Pass for a total of $625m, with $430m in cash to aid Phase 1 ...
Lithium producer Lithium Americas has entered into a new investment agreement with automotive company General Motors to form ...
Unlocking funding and pending loans, Lithium Americas offers strong long-term potential in the growing lithium market despite ...
GM will hold a 38% stake in Thacker Pass. The investment includes an initial $330 million cash contribution at closing, ...
For its 62% ownership of Thacker Pass, Lithium Americas will contribute $387 million to the JV and act as manager of the ...
Shares in Lithium Americas (TSX: LAC; NYSE: LAC) jumped by 20.2% on Wednesday after it announced anew, US$625-million joint ...
Lithium Americas is a high-risk, high-reward investment, akin to a call option on lithium demand. Read why I remain very ...
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