Lithium Americas Corp NEW (LAC) News

LAC...$5.07s clearing here off my $4.50...Alert...🥳

georgie18

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Monday, October 28, 2024 5:55:00 PM

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LAC...$4.50...Beauty News...🥳October 28, 2024 04:34 PM Eastern Daylight Time
VANCOUVER, British Columbia--(BUSINESS WIRE)--Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) is pleased to announce the closing of a $2.26 billion loan from the U.S. Department of Energy’s (“DOE”) Loan Programs Office (“LPO”) under the Advanced Technology Vehicles Manufacturing (“ATVM”) Loan Program (the “DOE Loan”) for financing the construction of the processing facilities at Thacker Pass, located in Humboldt County, Nevada (“Thacker Pass” or the “Project”).

HIGHLIGHTS

The DOE Loan for $2.26 billion will have interest rates fixed from the date of each monthly advance for the term of the loan at applicable U.S. Treasury rates. The DOE Loan amount includes funding of interest accrued during construction.
The DOE Loan will help finance the construction of Thacker Pass, targeted to produce an initial 40,000 tonnes per annum (“tpa”) of battery-quality lithium carbonate (“Phase 1”). The Company is targeting to make the final investment decision (“FID”) and issue full notice to proceed (“FNTP”) by the end of the year.
Thacker Pass Phase 1 is expected to create approximately 1,800 direct jobs during its three-year construction period and approximately 360 full time jobs during operations for its 40-year mine life.
Thacker Pass supports the U.S. government’s commitment to securing a domestic supply chain for critical minerals to reduce reliance on foreign materials.
The DOE Loan will be supplemented by the investment agreement (“Investment Agreement”) announced on October 16, 2024 with General Motors Holdings LLC (“GM”) to establish a joint venture (“JV”) for the purpose of funding, developing, constructing and operating (“JV Transaction”) Thacker Pass. Under the terms of the Investment Agreement, GM will acquire a 38% asset-level ownership stake in Thacker Pass for $625 million in total cash and letters of credit, including a $195 million letter of credit facility (“LC Facility”) that can be used as collateral to support reserve account requirements under the DOE Loan.
“We’re pleased to have the Department of Energy’s support to advance Thacker Pass to production and significantly improve domestic output of critical lithium supply to meet the growing domestic need,” said Jonathan Evans, President and Chief Executive Officer of Lithium Americas. “This essential loan helps us reduce dependence on foreign suppliers and secure America’s energy future.”

Mr. Evans added, “We have substantially de-risked project financing for Phase 1 and continue to work closely with General Motors following our announcement of the asset-level joint venture. We deeply appreciate the U.S. government’s support as we develop Thacker Pass to become North America’s largest lithium operator and continue collaborating with all our stakeholders to bring shared success for our company, local communities and our country.”

LAC…$4.72…nice A/H move…🥳

LAC...$4.50...Beauty News...🥳October 28, 2024 04:34 PM Eastern Daylight Time
VANCOUVER, British Columbia--(BUSINESS WIRE)--Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) is pleased to announce the closing of a $2.26 billion loan from the U.S. Department of Energy’s (“DOE”) Loan Programs Office (“LPO”) under the Advanced Technology Vehicles Manufacturing (“ATVM”) Loan Program (the “DOE Loan”) for financing the construction of the processing facilities at Thacker Pass, located in Humboldt County, Nevada (“Thacker Pass” or the “Project”).

HIGHLIGHTS

The DOE Loan for $2.26 billion will have interest rates fixed from the date of each monthly advance for the term of the loan at applicable U.S. Treasury rates. The DOE Loan amount includes funding of interest accrued during construction.
The DOE Loan will help finance the construction of Thacker Pass, targeted to produce an initial 40,000 tonnes per annum (“tpa”) of battery-quality lithium carbonate (“Phase 1”). The Company is targeting to make the final investment decision (“FID”) and issue full notice to proceed (“FNTP”) by the end of the year.
Thacker Pass Phase 1 is expected to create approximately 1,800 direct jobs during its three-year construction period and approximately 360 full time jobs during operations for its 40-year mine life.
Thacker Pass supports the U.S. government’s commitment to securing a domestic supply chain for critical minerals to reduce reliance on foreign materials.
The DOE Loan will be supplemented by the investment agreement (“Investment Agreement”) announced on October 16, 2024 with General Motors Holdings LLC (“GM”) to establish a joint venture (“JV”) for the purpose of funding, developing, constructing and operating (“JV Transaction”) Thacker Pass. Under the terms of the Investment Agreement, GM will acquire a 38% asset-level ownership stake in Thacker Pass for $625 million in total cash and letters of credit, including a $195 million letter of credit facility (“LC Facility”) that can be used as collateral to support reserve account requirements under the DOE Loan.
“We’re pleased to have the Department of Energy’s support to advance Thacker Pass to production and significantly improve domestic output of critical lithium supply to meet the growing domestic need,” said Jonathan Evans, President and Chief Executive Officer of Lithium Americas. “This essential loan helps us reduce dependence on foreign suppliers and secure America’s energy future.”

Mr. Evans added, “We have substantially de-risked project financing for Phase 1 and continue to work closely with General Motors following our announcement of the asset-level joint venture. We deeply appreciate the U.S. government’s support as we develop Thacker Pass to become North America’s largest lithium operator and continue collaborating with all our stakeholders to bring shared success for our company, local communities and our country.”

LAC: You were sooooooooo STUPID back then, that you did not even check this BLOATED-MINING-PIG'S float!!!!

LAC: It's their humongous, GODZILLA-CLASS, stock FLOAT that prevented this crap from going bonkers!!! (I.e., that circa 180,000,000 shares tossed out onto our Planet Earth!!!)

LAC: Are you flucking KIDDING ME???!!!! What kind of NEWS was that?????!!!!! (But LAC has a huge Float.)

I think you are right. But lithium prices are close to 2 year lows and auto makers are backing off from EVs.

It's my understanding we are at bottom and the only direction form here is up for some of these companies. I understand Buffet owns a large stake in LAAC. I'm up 35%.

Lithium prices have plummeted around 80% in the last couple of years.

Let’s see if LAAC can hold profits today.
Don’t forget LAAC has deal with Ganfeng.
Ganfeng has deal with Tesla.
Let’s hope that Lithium has found the bottom and ready to rebound.

This stock has been in the dumps for a long time.
News about China and decrease in lithium exports.
Nice move today with LAAC. Is this the beginning for Lithium stocks to rebound?
Count me in.

Appears US will be awash in LITHIUM in 3 years -- Salton Sea; Oregon caldera, Thacker Pass Nevada, wastewater from shale oil drilling, etc......

The next Admin won't. I like this going forward end of '24-'25 and beyond I believe we begin the long grind upwards to retirement. $LAC long and strong!

Why Tesla and GM Are Betting on U.S. Mines Now, WSJ



Weekly Chart

Still not happening, Thank Biden. He'd rather buy from another country.

It blows my mind that something isn't happening here yet. Maybe it will soon.

The Most Valuable Plot Of Land In America

Bought 20 Aug 7.50 calls at .80 here today! LAC

U.S. agrees to record $2.26-billion loan for Lithium Americas Corp
Record $2.6B DOE loan for $LAC

LAC: MONSTER-class news!!! Huge US Gov. loan to get that LITHIUM!!!

Hopefully something starts happening soon, I still can't believe it's so far down.

Cramer......LMAO!!!! $LAC long!

GREAT, I pick the lithium stock that is competition with Elon and Joe Cramer says no buy.....BUT, I have also learned to NEVER buy something he recommends.....always feels like a P&D

$BRLL gonna do it's thing watch for report looks massive and chart looks great bottom in

Insiders buying this is a good sign here.
Let’s see what this will bring Monday

Hmmmmmmmm

Wrong chart, all lithium is following this. This chart indicates the bottom is and has been in for lithium. Now the manipulation will be continued while china (and all of the other big players) can absorb companies who can not weather the low prices for pennies on the dollar. Miners with debt are in trouble. The strong will survive to participate in a lithium run that makes the last one look like peanuts IMO.

The chart looks bad with no bottom in sight at the present time.

This morning both LAC and LAAC at $6. a share. Not sure who the expert was that made the decision on the % amount to assign to each in October, but hope he or she has been ushered out the door.

Wondering which this is.....

What's going on with the LAAC? When I look up LAC on Fidelity, it shows LITHIUM AMERICAS CORP $6.91.
When I look up LAAC on Fidelity, it shows LITHIUM AMERICAS (ARGENTINA) CORP, at $5.57. Anybody know what's the deal? Why did IHUB change over to LAAC?

Nice to finally see an upswing. Hope it continues.

What's going on here, Maybe their push for EV's isn't really the plan.

They posted the split to be 64% / 36% Did I miss something?

The split itself was a bit questionable. The percentages afforded to each segmant has given much concern to many. It looks like LAAC is barely holding its own, but LAC has fallen on its face. Not sure how Corp. is going to explain this. I realize the reduction in Lithium prices has a major affect, but this drop is utterly ridiculous. IMHO

McDermott Caldera is what happened

Both my wife and I have this one. I have another EV related stock. Both should be doing really well, but aren't. Our government is pushing this on the whole country. I don't get it.

I still have hope, but it's dwindling. Just don't understand.

This one didn't age well.YIKES

Thacker Pass is the largest known Measured and Indicated (M&I) Resource in the U.S.
THACKER PASS
$LAC long and strong!!!

i am a buyer at 10 - 10.50

I've been here a long time though the ups and the downs, this one has just kept on giving. It looks like as of today, I still own the same amount of $LAC shares just at a decreased price along with a new $LAAC ticker with the same. The gift that keep on giving.....$LAC long and strong!

Thank you !

Split with LAAC. You now have 59.7% of your LAC shares... and a brand new 40.2% of LAAC shares

mmmmmmmmmmmmmmm

Does anyone know what is going on right now?

$LAC https://twitter.com/faststocknewss/status/1707784078357823666

https://finviz.com/quote.ashx?t=LAC&ty=c&ta=1&p=d

By 2030, the global energy storage market is expected to grow more than 15 times!

"Lithium deposit found in US may be among world’s largest, study finds" $LAC long and strong!

Doesn't appear that way from my perspective. GM wouldn't have invested in "land", they invested in US sourced lithium. $LAC long and strong!
GM AND LITHIUM AMERICAS TO DEVELOP U.S.-SOURCED LITHIUM PRODUCTION THROUGH $650 MILLION EQUITY INVESTMENT AND SUPPLY AGREEMENT