LITHIUM AMERICAS PROVIDES UPDATE This ruling will have implications for NILI..either positive or negative. If negative, it will take down shares of NILI, other Li and metals explorers in the state. While many believe it will be in favor of LAC, one never knows.
Lithium Americas Corp. has provided an update following a hearing held by the U.S. District Court, District of Nevada, on Jan. 5, 2023, for the appeal of the issuance of the record of decision for the Thacker Pass lithium project, located in Humboldt county, Nevada.
During the hearing, the plaintiffs, the U.S. Bureau of Land Management (BLM) and the company addressed final questions following the submission of briefings in August, 2022. The federal court reaffirmed no additional hearings or briefings are required and expects to issue a decision in the next couple months.
"Yesterday's hearing provided an opportunity to reaffirm our confidence that the permitting process for Thacker Pass was conducted thoroughly and responsibly," commented Jonathan Evans, president and chief executive officer. "As we continue to prepare for construction, we will look to finalize key supply agreements and partnerships that can help to secure America's clean energy future by providing responsible and domestically produced lithium."