Lithium Americas Corp. announced on April 1, 2025, the Final Investment Decision (FID) for Thacker Pass Phase 1, made concurrently with its joint venture partner, General Motors Holdings LLC. This decision marks a definitive commitment to proceed with the major construction of the lithium project in Nevada.
On the same date, Lithium Americas closed its previously announced $250 million strategic investment from Orion Resource Partners LP. This investment, combined with contributions from Lithium Americas and General Motors, ensures that Phase 1 of Thacker Pass is fully funded.
The FID triggers additional cash contributions to the joint venture: $191.6 million from Lithium Americas and $100 million from General Motors. This comprehensive funding package and the FID are crucial steps towards achieving first production in late 2027, targeting 40,000 tonnes per year of battery-grade lithium carbonate.
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