Lithium Americas Corp. (LAC) and General Motors (GM) have finalized a joint venture agreement for Phase Two of the Thacker Pass lithium project. The agreement includes GM's commitment to purchase lithium carbonate from Phase Two, with an anticipated production capacity of approximately 40,000 tonnes annually. GM will receive a 38% equity stake in the joint venture in exchange for a $330 million cash investment and $100 million in FID capital contributions.The agreement establishes comprehensive governance structures and operational frameworks, including GM's right of first offer for Phase Two product. LAC will serve as the operator through its management services agreement. The joint venture includes provisions for environmental stewardship, responsible sourcing, and compliance with the Inflation Reduction Act requirements.The transaction demonstrates the strategic importance of securing domestic lithium supply for EV battery production. The joint venture will help accelerate the development of Phase Two at Thacker Pass, strengthening North American supply chain capabilities for critical battery materials.

Lithium Americas Corp. (LAC) and General Motors (GM) have finalized a joint venture agreement for Phase Two of the Thacker Pass lithium project. The agreement includes GM's commitment to purchase lithium carbonate from Phase Two, with an anticipated production capacity of approximately 40,000 tonnes annually. GM will receive a 38% equity stake in the joint venture in exchange for a $330 million cash investment and $100 million in FID capital contributions.The agreement establishes comprehensive governance structures and operational frameworks, including GM's right of first offer for Phase Two product. LAC will serve as the operator through its management services agreement. The joint venture includes provisions for environmental stewardship, responsible sourcing, and compliance with the Inflation Reduction Act requirements.The transaction demonstrates the strategic importance of securing domestic lithium supply for EV battery production. The joint venture will help accelerate the development of Phase Two at Thacker Pass, strengthening North American supply chain capabilities for critical battery materials.