- Lithium Americas said on Friday automaker General Motors has delayed the second tranche of investment, worth $330 million, in the miner until the end of the year.
GM had announced an investment of $650 million, in two tranches, in Lithium Americas last year to help it develop the Thacker Pass lithium mining project in Nevada, which holds enough of the battery metal to build 1 million electric vehicles annually. The lithium miner said it is exploring alternative structures for the investment and extended the date for deal closure to Dec. 20. In case, the deal is not closed on their end by that date, Lithium Americas will have to grant additional rights to the automaker.The investment conditions for the second tranche included the successful execution of a $2.26 billion loan agreement with the U.S.
Given Donald Trump's pledge to "end the electric vehicle mandate" and plans laid out by former Trump administration officials in the Project 2025 document to shutter the Loans Program Office, mining companies and others are rushing to close loan agreements before Joe Biden leaves office in five months.Amazon's next-gen Alexa assistant will reportedly be powered by Anthropic's Claude AI, cost $5-10 per month and arrive in October ahead of the holidays.
The Aerospace and Defense industry encompasses companies that develop, manufacture, and support aircraft, spacecraft, and military systems. This sector is characterized by high technological innovation, with a focus on national security, space exploration, and commercial aviation. Major players in the industry include large corporations that produce everything from fighter jets and missiles to satellites and space vehicles.Covina, Aug.