Reported 29 days ago
Lithium Americas has finalized a $2.26 billion loan from the US Department of Energy to develop the Thacker Pass lithium project in Nevada, expected to produce 80,000 tonnes of battery-quality lithium carbonate annually. The project aims to create thousands of jobs and contribute significantly to the electric vehicle market by 2027, in line with US clean energy initiatives. The company anticipates starting to draw on the loan by mid-2025.
Source: YAHOO