Lithium Americas Corp. LAC stock was up 9.2% in premarket trading Tuesday after it said General Motors Co. GM agreed to invest $650 million in the company to help develop Nevada’s Thacker Pass mine, the largest known lithium source in the U.S. Lithium Americas said the project would create 1,000 jobs in construction and 500 in operations. It would produce lithium for up to 1 million electric vehicles a year. Lithium from Thacker Pass will be used in GM’s proprietary batteries for its EVs.
2% in premarket trading Tuesday after it said General Motors Co. GM agreed to invest $650 million in the company to help develop Nevada’s Thacker Pass mine, the largest known lithium source in the U.S. Lithium Americas said the project would create 1,000 jobs in construction and 500 in operations. It would produce lithium for up to 1 million electric vehicles a year. Lithium from Thacker Pass will be used in GM’s proprietary batteries for its EVs.