07:51 AM EDT, 08/30/2024 (MT Newswires) -- Lithium Americas ( LAC ) and General Motors ( GM ) subsidiary General Motors Holdings have agreed to extend the deadline for GM's second tranche investment in the Thacker Pass lithium project until the end of the year, Lithium Americas ( LAC ) said Friday.

General Motors Holdings has reaffirmed its commitment to invest an additional $330 million in the project and the extension of the outside date allows both parties to explore alternative investment structures and finalize a $2.26 billion loan from the US Department of Energy, Lithium Americas ( LAC ) added.

The first tranche investment of $320 million, which closed in February 2023, was used for the construction and development of Thacker Pass, according to the company.

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