Lithium Americas has selected ABB as the electrification partner for its Thacker Pass project in Nevada, home to North America’s largest known measured lithium resource. As demand for electric vehicles and energy storage accelerates, Thacker Pass is set to help strengthen the U.S. domestic lithium supply chain. Once operational, it will produce up to 40,000 metric tons of lithium carbonate…
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A view from space
Data from the U.S. Geological Survey’s Landsat satellite program, managed in partnership with NASA, has helped shape the development of the Thacker Pass lithium project. For more than 50 years, Landsat, the satellite program managed by the U.S. Geological Survey and NASA, has provided continuous Earth observation data to support science-based decision-making, including mine planning in sensitive environments. A recent…
Read MoreU.S. government obtains stake in Lithium Americas
U.S. Department of Energy (DOE) Secretary Chris Wright announced the Loan Programs Office has restructured its deal with Lithium Americas with support from General Motors. The new terms provide the government with 5% equity ownership in the form of Lithium Americas warrants as well as an additional 5% ownership in the form of warrants in the Lithium Americas/GM joint venture.…
Read MoreLithium Americas announces FID for Thacker Pass Phase 1
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 MoreThacker 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…
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