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According to reports citing Bloomberg, Lithium Americas Corp., the developer of what is set to become the largest lithium mine in the United States in Nevada, is poised to receive over $2 billion in loans from the US government.

The funding, provided by the US Department of Energy, is earmarked to support the construction of a lithium carbonate processing plant by Lithium Americas Corp. The project is adjacent to the company’s $2.2 billion investment in the Thacker Pass lithium mine, one of the most promising lithium mines in the United States for battery production.

The US Department of Energy declined to comment on the matter, and Lithium Americas Corp. did not immediately respond to requests for comment.

This funding represents the largest loan ever provided by the Loan Programs Office (LPO) of the US Department of Energy to a mining company and comes as the US government strives to establish a domestic supply chain for critical minerals. General Motors has already invested $650 million in Lithium Americas Corp. and will become a long-term purchaser for the project.

Source: WeChat Official Account—CEBA电池中国

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