In Uncategorized

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

Disclaimer: The content provided above is intended solely for educational and reference purposes. The original author retains the copyright to the articles, and their reproduction is aimed at facilitating learning and knowledge-sharing. If there are any concerns regarding copyright infringement, please contact us for immediate removal. We value the intellectual property rights of the original creator and encourage readers to engage with the original work.

Recent Posts
Contact Us

We're not around right now. But you can send us an email and we'll get back to you as soon as possible.

Start typing and press Enter to search

Translate »