General Motors (GM) will acquire a 38% stake in Thacker Pass for a total of $625m, with $430m in cash to aid Phase 1 construction.

Canadian miner Lithium Americas said on Wednesday General Motors will contribute $625 million to their new joint venture for developing the Thacker Pass project in Nevada. U.S. automakers are ramping up their output of EVs and hybrids and aiming to reduce their reliance on China for battery-related materials in a competitive market.

General Motors Company GM has entered into a joint venture ... The partnership focuses on developing, building and operating the Thacker Pass lithium carbonate mining project in Humboldt County, NV. The construction at the site began in March 2023 after ...