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BRIEF-Unlocking Thacker Pass General Motors To Contribute Combined $625 Million In Cash And Letters Of Credit To New Joint Venture With Lithium Americas
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BRIEF-Unlocking Thacker Pass General Motors To Contribute Combined $625 Million In Cash And Letters Of Credit To New Joint Venture With Lithium Americas
Oct 17, 2024 1:24 PM

Oct 16 (Reuters) - Lithium Americas Corp ( LAC ):

* UNLOCKING THACKER PASS: GENERAL MOTORS TO CONTRIBUTE

COMBINED

$625 MILLION IN CASH AND LETTERS OF CREDIT TO NEW JOINT VENTURE

WITH LITHIUM AMERICAS

* LITHIUM AMERICAS CORP ( LAC ) - GM TO ACQUIRE 38% STAKE IN THACKER

PASS

FOR $625 MILLION

* LITHIUM AMERICAS CORP ( LAC ) - GM TO ENTER 20-YEAR OFFTAKE

AGREEMENT

FOR 38% OF PHASE 2 PRODUCTION VOLUMES

* LITHIUM AMERICAS CORP ( LAC ) - TO HOLD 62% INTEREST AND MANAGE

THACKER

PASS

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