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

📆 17/10/2024 10.11.00
📰 PGCitizen

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 51%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

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.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Tulis Komentar

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

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
Sumber: BurnabyNOW_News - 🏆 14. / 77 Baca lebih lajut »