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GM Strengthens Lithium Supply Chain with US$625 Million Investment in Thacker Pass

Summary by Investing News Network
General Motors (GM) (NYSE:GM) is strengthening its connection to Lithium Americas (TSX:LAC,NYSE:LAC) via a joint venture centered on advancing the Thacker Pass lithium project in Humboldt County, Nevada. In a Wednesday (October 16) press release, the companies said GM will provide US$625 million in cash and letters of credit, and will acquire a 38 percent asset-level ownership stake in Thacker Pass. The Detroit-based carmaker emphasized to Reute…
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