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Lithium Americas and General Motors Announce Joint Venture for Thacker Pass Project

Dec 23, 2024

Contract Type

partnership

VancouverEnergyMining

Description

Lithium Americas Corp. has closed a joint venture with General Motors Holdings LLC to fund, develop, construct, and operate the Thacker Pass project in Humboldt County, Nevada. The joint venture aims to supply battery-quality lithium carbonate for the North American critical minerals supply chain, with Lithium Americas holding a 62% interest and managing the project, while GM has acquired a 38% interest for $625 million.

Company Information

Company

Lithium Americas

Location

Vancouver, British Columbia, Canada

About

Lithium Americas (TSX & NYSE: LAC) is focused on advancing Thacker Pass to production. Located in northern Nevada, Thacker Pass is the largest-known lithium M&I resource in the U.S. Construction commenced in early 2023 and is expected to create 1,800 construction jobs and 500 permanent jobs during operations of its 40-year mine life.

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Predictive Intelligence
Strategic

ML-powered predictions for Lithium Americas's next move

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Agreement Insights

What this usually means
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

Lithium Americas signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.