GM invests $650m in Lithium Americas to develop Thacker PassThis is huge news when a carmaker throws in this much cash. New trend to come across all the battery metals IMHO.
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Shares in Lithium Americas (TSX, NYSE: LAC) soared on Tuesday morning after it announced that General Motors (NYSE: GM) will invest $650 million in the company to help it develop the Thacker Pass lithium mine in northern Nevada.
The Canadian miner’s stock was up 10% in premarket trading in New York after it unveiled GM’s investment, which the companies say represents the largest-ever investment by an automaker to produce battery raw materials.
https://www.mining.com/gm-lithium-americas-to-jointly-develop-thacker-pass-mine-in-nevada/