GM's new US$625M investment sends Lithium Americas stock up 22%

  • 📰 BurnabyNOW_News
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 77%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

GM's capital is set to help build a Nevada mine that would provide lithium that could be used to make electric-vehicle batteries

Vancouver-based lithium miner Lithium Americas saw its share price soar more than 22 per cent on Wednesday thanks to automotive giant General Motors announcing plans to invest US$625 million in cash and credit to buy a stake in a Lithium Americas mine in Nevada.

The agreement enables GM to acquire a 38-per-cent stake in the Thacker Pass lithium carbonate mining operation in Nevada. The new money includes US$430 million in cash to build Phase 1 of the mine, as well as US$195 million in credit. Initial construction at the site launched in March 2023, following a court case and protests from conservationists, ranchers and First Nation communities.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 14. in BR

Brasil Últimas Notícias, Brasil Manchetes