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Energy|Motors|PROJECT|supply-chain
Energy|Motors|PROJECT|supply-chain
energy|motors|project|supply chain

Lithium Americas reaches final investment decision for Thacker Pass mine

2nd April 2025

By: Reuters

  

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Lithium Americas said on Tuesday it has reached a final investment decision (FID) for constructing the first phase of the Thacker Pass lithium mine in Nevada.

The Thacker Pass project is a joint venture between Lithium Americas and US automaker General Motors. Phase 1 of the project is expected to be completed in late 2027.

"Together, we will develop a US-produced lithium supply chain to reduce American dependence on foreign suppliers for critical minerals," said Lithium Americas CEO Jonathan Evans.

Vancouver-based Lithium Americas and General Motors, have each contributed an additional $192-million and $100-million, respectively, in cash to the JV, allowing it to achieve a fully funded status for the development of the project's first phase.

Last year, the US Department of Energy finalised a $2.26-billion loan for Lithium Americas to build the project. The company also had access to $650-million from its JV with General Motors.

Once open, Thacker Pass is expected to produce 40,000 metric tons of battery-quality lithium carbonate per year in its first phase, enough for up to 800 000 electric vehicles.

Edited by Reuters

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