Share this Story: Lithium Americas Provides General Motors Transaction Details and Update on Construction Plan for Thacker Pass [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
Author of the article: VANCOUVER, British Columbia, Jan. 31, 2023 (GLOBE NEWSWIRE) — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“ Lithium Americas ” or the “ Company ”) today announced that it has entered into a purchase agreement (“ Purchase Agreement ”) with General Motors Co. (NYSE: GM) (“ GM ”) pursuant to which GM will make a $650 million equity investment in Lithium Americas (the “ Transaction ”). In connection with the Transaction, the Company has provided an update on the construction plan for the Thacker Pass lithium project in Humboldt County, Nevada (“ Thacker Pass ” or the “ Project ”), including the release of an independent National Instrument 43-101 (“ NI 43-101 ”) feasibility study (“ Feasibility Study ”). Further details on the Transaction are reported in a joint release issued today by the Company and GM. All figures presented are in U.S. Dollars. TRANSACTION HIGHLIGHTS: PROJECT HIGHLIGHTS: TRANSACTION DETAILS STRATEGIC INVESTMENT GM has agreed to
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