Lithium Americas Corp. released a corporate presentation outlining development of its Thacker Pass lithium project in northern Nevada. The company highlights Phase 1 planned battery-quality lithium carbonate capacity of 40,000 tonnes per year, with mechanical completion targeted for late 2027 and ramp-up to commercial production in 2028. The presentation describes Phase 1 as permitted, having reached a final investment decision, and being in major construction, and notes an expansion concept of up to five phases with potential capacity of 160,000 tonnes per year. The presentation also summarizes project funding and commercial arrangements, including a U.S. Department of Energy loan totaling $2.23 billion (with interest tied to long-dated U.S. Treasury rates and a 0% spread), a first drawdown of $435 million received in October 2025, and a joint venture and long-term offtake framework with General Motors covering up to 100% of Phase 1 volumes and up to 38% of Phase 2 volumes for 20 years. It provides construction and readiness updates, including engineering and procurement progress and 2026 capital expenditure guidance of $1.2–$1.5 billion (and total 2026 capital expenditure guidance of $1.3–$1.6 billion including other capitalized costs and capitalized interest). You can access the full presentation through the link below.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lithium Americas Corp. published the original content used to generate this news brief on February 19, 2026, and is solely responsible for the information contained therein.
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