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Showing posts from October, 2024
  GENERAL MOTORS (GM) IS PUTTING UP $625 MILLION TO GREEN-LIGHT LITHIUM AMERICAS General Motors (GM) is putting up $625 million to green-light Lithium Americas' (LAC) Thacker Pass project in Nevada, which has the largest-known deposit of the key battery metal in the U.S. The terms of the investment, which has GM investing directly in the mine rather than acquiring more shares, sent LAC stock jumping in early Wednesday stock market action. GM will acquire a 38% ownership stake in the Thacker Pass mine for $430 million in cash and an additional $195 million interest-free credit facility. Lithium Americas said in a news release that its agreement with GM will provide the collateral to unlock a $2.3 billion loan from the Department of Energy announced earlier this year. The tricks to stop the natural rise in the price of lithium are very interesting. The lack of publication and opacity of data is extremely important. Who is behind these cloudy obscurantist actions? Obviously an...