GM, Lithium Americas
GM makes a $625 million lithium-battery move to shore up its EV supply chain
General Motors is investing $625 million in the domestic EV supply chain, partnering with Lithium Americas Corp. to develop a lithium mine in Nevada.
GM doubles down on EV batteries, invests $625M in lithium project
GM (GM) is upping the ante on its EV bet, investing $625 million directly into a US-based lithium mine project. 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,
GM's new US$625M investment sends Lithium Americas stock up 22%
GM's capital is set to help build a Nevada mine that would provide lithium that could be used to make electric-vehicle batteries
General Motors increases investment in lithium mine to nearly $1bn
US carmaker seeks to secure supply of metal expected to suffer shortfalls because of rising demand in switch to EVs
GM Strengthens Lithium Supply Chain with US$625 Million Investment in Thacker Pass
General Motors (GM) (NYSE:GM) is strengthening its connection toLithium Americas (TSX:LAC,NYSE:LAC) via a joint venture centered on advancing the Thacker Pass lithium project in Humboldt County, Nevada.
General Motors to invest $625m in Lithium Americas JV
General Motors (GM) will acquire a 38% stake in Thacker Pass for a total of $625m, with $430m in cash to aid Phase 1 construction.
General Motors to Invest $625M in JV to Source Lithium for EV Battery
General Motors Company GM has entered into a joint venture (JV) with Lithium Americas Corp. LAC. Per the JV, the automaker will supply $625 million in cash and credit to the Canadian mining company. The partnership focuses on developing,
Mine Deal With GM Sends Lithium Americas Stock Flying
Key Takeaways Lithium Americas and General Motors have formed a joint venture to extract lithium from the Thacker Pass site ...
cbtnews1d
GM Partners with Lithium Americas for $625 million joint venture
GM has entered into a $625 million joint venture with Lithium Americas to develop and operate a lithium carbonate mining ...
GM Authority1d
GM Injects $625M Into Thacker Pass Mine Joint Venture With Lithium Americas
GM will invest $625 million to support a joint venture with Canadian mining company Lithium Americas and the Thacker Pass ...
Lithium Americas price target lowered to $2.50 from $3 at Scotiabank
Scotiabank lowered the firm’s price target on Lithium Americas (LAC) to $2.50 from $3 and keeps a Sector Perform rating on ...
GM Backs Top US Lithium Project With $625 Million Investment
General Motors Inc will commit $625 million toward what’s likely to be one of the biggest US lithium mines, reinforcing the ...
Lithium Americas: The Unloved Market Is Getting Some Attention
New ownership structure of Thacker Pass, with Lithium Americas holding 62% and General Motors 38%, is a positive development.
After Nevada Lithium Deal, GM Eyes Other Sources for EV Minerals Supply
While the Thacker Pass JV should supply GM with a "significant" amount of its lithium, the company is open to other critical ...
Mining2d
Lithium Americas revamps Thacker Pass deal with GM in new $625 million JV
For its 62% ownership of Thacker Pass, Lithium Americas will contribute $387 million to the JV and act as manager of the ...
GM agrees to $625 million joint venture to mine EV battery raw materials in U.S.
The deal is centered on the development, construction and operation of a lithium carbonite mining operation called Thacker ...