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Bechtel Applauds Green Light for Thacker Pass Lithium Project

Lithium Americas announced a $250 million strategic investment from Orion Resource Partners on March 5, 2025, for Thacker Pass.
This investment aims to fully fund Phase 1 of the Thacker Pass lithium project in Nevada, a crucial step for domestic lithium production.
The initial $220 million investment includes convertible notes and a production payment agreement, satisfying requirements for DOE and GM funding.
The investment allows Lithium Americas to proceed with a Final Investment Decision and access a $2.26 billion loan from the Department of Energy.
Thacker Pass is projected to produce 40,000 metric tons of lithium carbonate annually by late 2027, supporting 800,000 EVs and reducing foreign mineral dependence.

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Helena Independent Record

+19 Reposted by 19 other sources

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Bechtel Applauds Green Light for Thacker Pass Lithium Project

Nevada lithium mine to bolster American energy security and domestic supply chain

3 days ago·Helena, United States

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Elko Daily Free Press

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$250M investment opens door to start major construction at Thacker Pass

Lithium Americas says the investment coming from Orion Resource Partners will make the Thacker Pass lithium project fully funded, unlocking the $2.26 billion DOE loan and additional investment from General Motors, so major construction can begin this year, leading to…

21 days ago

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Financial Post

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Green Stock News

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Lithium Americas Announces $250 Million Strategic Investment from Orion Resource Partners for Thacker Pass

VANCOUVER, British Columbia -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced a strategic investment of $250 million from fund entities managed by Orion Resource Partners LP (collectively, “Orion”), a leading global investment firm dedicated to metals and materials, which is expected to achieve fully funded status at the project and corporate level for the development and construction of Phase 11 of…

1 month ago·Canada

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Mining Technology | Mining News and Views Updated Daily

Lithium Americas secures $250m investment for Thacker Pass lithium project in US

Lithium Americas has announced a strategic investment of $250m from Orion Resource Partners, a global investment firm.The post Lithium Americas secures $250m investment for Thacker Pass lithium project in US appeared first on Mining Technology.

29 days ago

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BIV News

Lithium Americas lands US$250M for Thacker Pass project

Vancouver mining company aiming to complete new Nevada lithium mine in 2027

29 days ago

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The Northern Miner

Lithium Americas nets $250M from Orion for Thacker - The Northern Miner

Lithium Americas (TSX: LAC; NYSE: LAC) says Orion Resource Partners is investing $250 million (C$357 million) to help develop and build the Thacker Pass lithium project’s first stage in Nevada....

30 days ago

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