Lithium Americas And General Motors Inked A New Investment Agreement To Create A Joint Venture To Will Deliver $625M Of Cash And Letters Of Credit From GM To Thacker Pass
Portfolio Pulse from Benzinga Newsdesk
Lithium Americas and General Motors have formed a joint venture, with GM investing $625 million in cash and letters of credit into the Thacker Pass project.
October 16, 2024 | 11:22 am
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POSITIVE IMPACT
General Motors has invested $625 million in a joint venture with Lithium Americas for the Thacker Pass project.
The investment in Lithium Americas' Thacker Pass project aligns with GM's strategic interests in securing lithium supply, potentially enhancing its EV production capabilities.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Lithium Americas has entered into a joint venture with General Motors, receiving a $625 million investment for the Thacker Pass project.
The joint venture with GM and the significant investment of $625 million is likely to boost Lithium Americas' financial position and project development, positively impacting its stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90