This is the most significant news for the Lithium industry for a long time. Well done to our friends at Lithium Americas Corp. As an early mover in the lithium industry this is a huge de risking event for Rover and our lithium project in Nevada. ————— P.J. Moylan ( President and Director)
Lithium Americas has received a conditional commitment from the U.S. Department of Energy (DOE) for a $2.26 billion loan under the Advanced Technology Vehicles Manufacturing Loan Program for financing the construction of the lithium processing facilities at Thacker Pass, located in Humboldt County, Nevada. https://lnkd.in/gmRGeT6b Thacker Pass supports the U.S. government’s commitment to securing a domestic supply chain for critical minerals to reduce reliance on foreign materials. Phase 1 production could support lithium needs for up to 800,000 electric vehicles annually in the U.S. “The United States has an incredible opportunity to lead the next chapter of global electrification in a way that both strengthens our battery supply chains and ensures that the economic benefits are directed toward American workers, companies and communities,” said Jonathan Evans, President and Chief Executive Officer of Lithium Americas. “The ATVM Loan Conditional Commitment announced today by the DOE is a significant milestone for Thacker Pass, which will help meet the growing domestic need for lithium chemicals and strengthen our nation’s security.” #lithium #Nevada