General Motors Postpones $330M Investment in Thacker Pass Project
GMGM(GM) ZACKS·2024-09-02 22:11

General Motors Company (GM) has agreed to postpone an additional 330millioninvestmentinLithiumAmericasCorp.(LAC),aCanada−basedminingcorporation,untiltheendoftheyear. InJanuary2023,thelegendaryautomakerannounceda330 million investment in Lithium Americas Corp. (LAC) , a Canada-based mining corporation, until the end of the year. In January 2023, the legendary automaker announced a 650 million investment in Lithium Americas to assist the miner in developing Thacker Pass, the largest Measured and Indicated lithium resource in North America, which has enough lithium to produce one million electric vehicles annually. The first part of this two-tranche i ...