Lithium Americas and its joint venture partners on the Thacker Pass project in Humboldt County, Nev., have confirmed the final investment decision for the first phase of the project as it receives a previously announced $250 million investment from fund entities managed by Orion Resource Partners. Company officials said that, as part of that closing, Orion purchased senior unsecured convertible…
Read MoreTag: Thacker Pass
Thacker Pass project gets financial boost
Lithium Americas has scored a strategic investment of $250 million from global investment firm Orion Resource Partners for the development and construction of Phase 1 of the Thacker Pass lithium project in Humboldt County, Nev. “Orion’s long-term investing horizon and experience with resource development makes them an excellent partner for Lithium Americas and Thacker Pass and contributes to our strong…
Read MoreGM to help Lithium Americas unlock Thacker Pass
Lithium Americas and General Motors have entered into a new investment agreement, which establishes a joint venture to bring the Thacker Pass lithium mine in Humboldt County, Nev., on line. Under the terms of the deal, GM will deliver US$625 million of cash and letters of credit to Thacker Pass alongside a conditional commitment of a $2.3 billion Department of…
Read MoreThacker Pass moving ahead after favorable ROD
Canadian miner Lithium Americas has confirmed a favorable ruling from the U.S. District Court for the issuance of a Record of Decision (ROD) for the Thacker Pass operation in Nevada. The ruling from February 6 largely affirms previous decisions following challenges by environmental and other groups for the Humboldt County operation. “The favorable ruling by the Federal Court confirms the…
Read More