Lithium Americas Finalizes Financing US Lithium Project With GM, Orion Resource Partners

Junior miner Lithium Americas Corp (NYSE:LAC) announced a final investment decision for the first phase of its flagship Thacker Pass lithium mine in Nevada. The project, structured as a joint venture with General Motors, should be operational by late 2027.

“Together, we will develop a U.S.-produced lithium supply chain to reduce American dependence on foreign suppliers for critical minerals,” said Lithium Americas CEO Jonathan Evans.

The company funded $192 million, while General Motors added $100 million for the project, which is seen as a key element in reducing dependence on foreign lithium sources. Additionally, the project received a $250 million investment from Orion Resource Partners, which includes $195 million in convertible notes and an additional $30 million available through a delayed draw facility.

Yet, these numbers fade compared to a $2.26 billion loan ...

https://www.benzinga.com/news/financing/25/04/44612991/lithium-americas-finalizes-financing-us-lithium-project-with-gm-orion-resource-partners