LAC - Why Lithium Americas Stock Is Up Today | Benzinga
Lithium Americas Corp. (NYSE:LAC) shares are trading higher Thursday after the company announced it has received a conditional commitment from the U.S. Department of Energy for financing the construction of the processing facilities at Thacker Pass.
The Details:
Lithium Americas received a conditional commitment for a $2.26 billion loan under the Advanced Technology Vehicles Manufacturing (ATVM) loan program intended to help finance the construction of Thacker Pass, targeted to produce an initial 40,000 tonnes per year of battery grade lithium carbonate.
“The United States has an incredible opportunity to lead the next chapter of global electrification in a way that both strengthens our battery supply chains and ensures that the economic benefits are directed toward American workers, companies and communities,” said Jonathan Evans, CEO of Lithium Americas.
“The ATVM Loan Conditional Commitment announced today ...