General Motors Co and Lithium Americas Corp on Tuesday announced they would jointly invest to develop the Thacker Pass mine in Nevada.
Under the agreement, GM will make an equity investment of $650 million in Lithium Americas. Lithium carbonate from Thacker Pass will be used in GM's proprietary Ultium battery cell.The investment, which will be split into two tranches, comessaid earlier this month she would rule "in the next couple of months" on whether former President Donald Trump erred in 2021 when he approved Lithium Americas' Thacker Pass mining project in northern Nevada.
The funds for the first tranche will be held in escrow until certain conditions are met, including the outcome of the Record of Decision ruling currently pending in the U.S. District Court. Production at Thacker Pass, which is expected to create 1,000 jobs in construction and 500 in operations, is projected to begin in the second half of 2026, the companies said in a statement.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Lithium Americas stock rises on GM’s $650 million equity investmentLithium Americas Corp. stock was up 9.2% in premarket trading Tuesday after it said General Motors Co. agreed to invest $650 million in the company to help...
Les mer »
Scholz visits South America in race with China for lithiumOlaf Scholz hopes his trip to Latin America will help secure the lithium supplies that Mercedes-Benz and Volkswagen need.
Les mer »
Stanford Breakthrough Paves Way Next-Generation Lithium Metal Batteries That Charge Very QuicklyNew lithium metal batteries with solid electrolytes are lightweight, inflammable, pack a lot of energy, and can be recharged very quickly, but they have been slow to develop due to mysterious short-circuiting and failure. Now, researchers at Stanford University and SLAC National Accelerator Laborato
Les mer »
European Metals soars as Czech lithium project labelled “strategic”Nomination means the project will be given priority for financing from fund that supports European Union regions' green transition.
Les mer »
Lithium’s historic rally fuels record profits for China’s minersChina’s big lithium miners are set to reap record earnings after booming demand for the electric vehicle battery material sent prices surging to an all-time high last year. mining
Les mer »
Scientists solved mystery to make next-gen lithium batteriesNanoscale defects and mechanical stress cause the failure of solid electrolytes.
Les mer »