06:24 AM EST, 03/06/2025 (MT Newswires) -- Lithium Americas ( LAC ) was at last look up 1.4% in U.S. pre-market trading after announcing overnight Wednesday a strategic investment of US$250 million from fund entities managed by Orion Resource Partners LP, a global investment firm dedicated to metals and materials.

According to a statement, the investment is expected to achieve fully funded status at the project and corporate level for the development and construction of Phase 1 of the Thacker Pass lithium project in Humboldt County, Nevada, for the duration of construction.

The company is aiming to complete Thacker Pass Phase 1 in late 2027.

Lithium America shares jumped more than 11% on the TSX on Wednesday.