Lithium Americas Submits Draft Loan Application to DOE for Thacker Pass

Lithium Americas Corp of Vancouver, BC has submitted a draft application to the U.S. Department of Energy (DOE) for funding to be used at its Thacker Pass lithium project in Nevada through the Advanced Technologies Vehicle Manufacturing Loan Program. The loan program is designed to provide funding to U.S. companies engaged in the manufacturing of advanced technology vehicles and components used in these vehicles.

Jonathon Evans, Lithium Americas’ CEO, said, “Thacker Pass is a unique, large-scale and advanced stage lithium project representing one of the most significant opportunities to create a truly domestic lithium supply chain to support the production of electric vehicles in the U.S. We are pleased to submit our draft application and look forward to engaging with the DOE to accelerate the growth of the domestic lithium industry in response to increased demand from US-based consumers.”

As Lithium Americas continues to advance both Thacker Pass and its Cauchari-Olaroz in Argentina, the company has started the process of exploring a separation of its U.S. and Argentina operations, through the creation of a standalone public company focused on the development of Thacker Pass. The company is assessing available alternatives and structures to effect such separation.

Volume 36, Issue 05

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