Bullboard - Stock Discussion Forum Lithium Americas Corp T.LAC

Alternate Symbol(s): LAC

Lithium Americas Corp. is a lithium resource company. The Company is focused on advancing Thacker Pass to production. The Company owns 100% of the Thacker Pass project, which is located in Humboldt County in northern Nevada, through its wholly owned subsidiary, Lithium Nevada Corp. Thacker Pass is situated at the southern end of the McDermitt Caldera, approximately 60 miles (100 kilometers... see more

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TSX:LAC - Post Discussion

Lithium Americas Corp > What the heck just happened?

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Post by Moemoney42 on Sep 29, 2023 11:51am

What the heck just happened?

Buyers piled in in seconds and drove the price up.. can't find any news..?
Something is up, beside the share price..?? ;-)

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Comment by Moemoney42 on Sep 29, 2023 1:21pm

Ahh yes here's the reason from SA "DoE weighing record $1B loan for massive Lithium Americas mine" Lithium Americas (NYSE:LAC) +2.2% in Friday's trading, trimming earlier gains of as much as 9.5%, after Bloomberg reported the U.S. Department of Energy is in talks to lend a record $1B to the developer of the Thacker Pass lithium deposit in Nevada. The Biden ...more

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Comment by Moemoney42 on Sep 29, 2023 1:22pm

"The Biden administration and Lithium Americas (LAC) are negotiating the terms of an agreement that would fund more than half of the cost of the massive project, according to the report."

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Comment by Moemoney42 on Sep 29, 2023 1:23pm

"The outlay would be the largest-ever loan awarded to a mining company through the Energy Department's Loan Programs Office. The $2.2B project is considered one of the most promising opportunities in the U.S. to produce lithium for use in electric vehicle batteries, solar panels and wind turbines."

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Lithium Americas Corp