Lithium Americas Secures $250 Million Strategic Investment from Orion Resource Partners
VANCOUVER, British Columbia – Lithium Americas Corp. (TSX: LAC) (NYSE: LAC), a leading lithium development company, announced a significant investment of $250 million from fund entities managed by Orion Resource Partners LP, a renowned global investment firm specializing in metals and materials. This strategic investment is expected to fully fund the development and construction of Phase 1 of the Thacker Pass lithium project in Nevada.
About the Investment
The investment marks a significant milestone for Lithium Americas as it moves closer to realizing the full potential of the Thacker Pass project. The funds will be used to advance the project through various stages, including engineering, procurement, and construction (EPC), permitting, and financing.
Impact on Lithium Americas
With the strategic investment from Orion, Lithium Americas has secured the necessary funding to bring Thacker Pass to life. This financial boost will enable the company to streamline its development process and reduce the overall project risk. Moreover, Orion’s expertise in the metals and materials sector will bring valuable insights and knowledge to the table, further strengthening Lithium Americas’ position in the lithium market.
Impact on the World
The investment in Lithium Americas’ Thacker Pass project is expected to have a positive impact on the global lithium industry. As the demand for lithium-ion batteries continues to surge due to the increasing adoption of electric vehicles (EVs) and renewable energy storage systems, securing a steady supply of this critical mineral is essential. Thacker Pass is one of the largest and highest-grade lithium deposits in the world, making it a strategic asset in the global lithium market.
Additional Information
- Thacker Pass is a large, high-grade lithium deposit located in Nevada, USA.
- The project is expected to produce approximately 40,000 tonnes lithium carbonate equivalent (LCE) per year.
- The investment from Orion is expected to fully fund the development and construction of Phase 1 of the project.
- Orion Resource Partners LP is a leading global investment firm dedicated to metals and materials, with over $8 billion in assets under management.
Conclusion
Lithium Americas’ strategic investment from Orion Resource Partners is a significant step forward for the Thacker Pass lithium project. With the necessary funding in place, the company can now focus on advancing the project through various stages and reducing overall project risk. The investment is also expected to have a positive impact on the global lithium market, as the demand for lithium-ion batteries continues to grow. As we move towards a more sustainable and electric future, investments like these are essential in ensuring a steady supply of critical minerals like lithium.
By working together, Lithium Americas and Orion will bring Thacker Pass to life, contributing to a more sustainable and electric future for all.
Lithium Americas Corp. – Powering the World’s Energy Transition.
