General Motors To Contribute To New Joint Venture With Lithium Americas

General Motors To Contribute To New Joint Venture With Lithium Americas

VANCOUVER – Lithium Americas Corp. reported that it and General Motors Holdings LLC (GM) have entered into a new investment agreement to establish a joint venture (JV) for the purpose of funding, developing, constructing and operating Thacker Pass in Humboldt County, Nevada. The JV Transaction will deliver $625 million of cash and letters of credit from GM to Thacker Pass alongside the conditional commitment for a $2.3 billion U.S. Department of Energy (DOE) loan announced earlier this year.