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(3)
- 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(4)
- Detailed engineering is advancing with full notice to proceed (FNTP) expected to be issued by the end of 2024(3)
- First production is expected in 2027(3)
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) | M&I 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. The information relating to the mineral resource for the Thacker Pass property is not reported in accordance with the JORC Code. The mineral resources and estimates have been prepared using the S-K 1300 regulations for the US Securities Act of 1933. Accordingly, the mineral resources estimates identified as S-K 1300 estimates are not, and do not purport to be, compliant with the JORC Code.
- Lithium Americas – Corporate Presentation August 2024.
- Lithium Americas announcement 16 October 2024.