Thacker Pass
Operator
Lithium Americas
Commodity
Lithium
Location
Nevada, USA
Asset Stage
Development
- Thacker Pass is a lithium clay project located in northern Nevada, currently fully owned and operated by Lithium Americas(1)
- Construction of Thacker Pass will be undertaken in two phases with Phase 1 targeting production of 40ktpa of lithium carbonate followed by a Phase 2 expansion expected to increase production to 80ktpa
- Phase 1 construction capital cost is expected to be funded through Lithium Americas strategic relationship with GM who have contributed US$320 million in equity alongside the recently announced US$625 million investment in Thacker Pass. Further funding is intended to be provided by the US Department of Energy loan program which has provided conditional approval for a US$ 2.3 billlion loan
- Detailed engineering is advancing with full notice to proceed (FNTP) expected to be issued by the end of 2024
- First production is expected in 2027
Asset Overview | |
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Operator | Lithium Americas (LAC) |
Mine Type | Open Pit |
Asset Stage | Development (construction) |
Commodities | Lithium |
Location | Nevada, USA |
Reserves(2) | 217.3Mt @ 0.32% Li |
Resources(2) | 1.52Bt @ 0.19% Li |
Royalty Overview | |
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Key Terms |
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Notes:
- Per Lithium Americas announcement dated 16th October 2024, LAC has entered into an agreement with General Motors to enter a joint venture agreement which sees GM become a 38% owner of Thacker Pass in exchange for $625m in cash and letters of credit. Completion is expected by 28 February 2025.
- S-K 1300 December 2023 as reported in Lithium Americas August 2024 Corporate Presentation.