Lithium americas announces initial closing of $650 million investment from general motors

Vancouver, british columbia, feb. 16, 2023 (globe newswire) -- lithium americas corp. (tsx: lac) (nyse: lac) (“lithium americas” or the “company”) today announced the closing of the initial tranche, an investment of $320 million, of its previously announced $650 million investment by general motors co. (nyse: gm) (“gm”). proceeds from gm's investment are to be used to accelerate the development of the company's thacker pass lithium project (“thacker pass”) located in humboldt county, nevada, the largest known lithium resource in the united states that is fully permitted to begin construction.
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