Automaker GM makes $650m investment in Thacker Pass lithium developer

📆 2023/01/31 19:56:00
📰 MiningWeeklyCA

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General Motors makes $650m investment in Lithium Americas, supporting Thacker Pass development in Nevada. Thacker Pass will supply enough lithium for up to one-million EVs a year. lithium batterymetals EV USA Nevada ThackerPass LithiumAmericas

Automotive giant General Motors has made a $650-million investment in Lithium Americas, the developer for the Thacker Pass mining project in Nevada.

After the first tranche of investment, GM will receive exclusive access to Phase 1 production through a binding supply agreement and right of first offer on Phase 2 production. The deposit has proven and probable mineral reserves of 3.7-million tonnes LCE at an average grade of 3 160 ppm.

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