Lithium Americas' Thacker Pass Mine: GM's $625M Stake; U.S. Gov't Considers $2.3B Loan
Lithium Americas' Thacker Pass lithium mine in Nevada is at the heart of ongoing discussions between the company, the U.S. government, and General Motors. The Trump administration is considering renegotiating a $2.3 billion loan, with a potential 10% stake in Lithium Americas on the table. Meanwhile, General Motors has already invested $625 million for a 38% stake and lithium extraction rights.
Last year, General Motors invested a significant sum of $625 million in the Thacker Pass lithium mine, securing a 38% stake and rights to extract lithium. This move came as the company aims to secure critical materials for its electric car production.
The U.S. government, under the Trump administration, has shown interest in the project as well. It is currently considering renegotiating a $2.3 billion loan to Lithium Americas. As part of this potential deal, the administration is seeking a 10% stake in the company. However, it remains unclear whether this stake will be converted from the loan or if Lithium Americas will hand over shares.
News of these potential investments sent Lithium Americas' stock soaring by 90.9%. Despite the excitement, there has been no official announcement about the timing of the U.S. government's decision regarding the financing. Active discussions are ongoing between Lithium Americas, the Department of Energy, and General Motors. The company has stated that it will provide an update at the appropriate time.
The future of Lithium Americas' Thacker Pass lithium mine is tied to ongoing negotiations between the company, the U.S. government, and General Motors. While General Motors has already secured a significant stake, the U.S. government's potential investment and stake in the project remain uncertain. Lithium Americas has assured stakeholders that it will provide updates as more information becomes available.
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