The Zhitong Finance App learned that the pre-market stock price of Lithium Americas (LAC.US) rose 21.72% after announcing a new investment agreement with General Motors (GM.US). Under the agreement, the two parties will establish a joint venture to be jointly responsible for the construction and operation of the Thacker Pass lithium mine in Nevada. GM will invest $625 million, including $430 million in cash and $195 million in letter of credit financing, to acquire 38% asset-level ownership of the project and support the first phase of construction. In addition, GM also signed a 20-year underwriting agreement, promising to purchase up to 38% of the production volume of the second phase of the Thacker Pass, and has priority purchasing rights for the remaining production. The joint venture transaction replaced GM's previous commitment of $330 million in common stock investment under the original investment agreement announced in January.

The Zhitong Finance App learned that the pre-market stock price of Lithium Americas (LAC.US) rose 21.72% after announcing a new investment agreement with General Motors (GM.US). Under the agreement, the two parties will establish a joint venture to be jointly responsible for the construction and operation of the Thacker Pass lithium mine in Nevada. GM will invest $625 million, including $430 million in cash and $195 million in letter of credit financing, to acquire 38% asset-level ownership of the project and support the first phase of construction. In addition, GM also signed a 20-year underwriting agreement, promising to purchase up to 38% of the production volume of the second phase of the Thacker Pass, and has priority purchasing rights for the remaining production. The joint venture transaction replaced GM's previous commitment of $330 million in common stock investment under the original investment agreement announced in January.