The Thacker Pass Lithium Mine is a proposed lithium clay mining development project in Humboldt County, Nevada which is the largest known lithium deposit in the US, and one of the largest in the world.
Lithium Americas is focused on advancing lithium projects in Argentina and the United States. In Argentina, the Caucharí-Olaroz lithium project is advancing towards first production and Pastos Grandes represents additional regional growth. In the United States, Thacker Pass has received its Record of Decision and is advancing toward construction. The Company trades on both the Toronto Stock Exchange and the New York Stock Exchange, under the ticker symbol “LAC”.
Curated by mokiethecat
Why is Lithium Americas Splitting Into Two Companies? |
| December 14, 2022 Lithium Americas Corporation (LAC) is splitting into two entities: Lithium Americas, focusing on North American projects like Thacker Pass, and Lithium International, managing Cauchari-Olaroz in Argentina. This restructuring is reportedly aimed at limiting liability, accessing U.S. Department of Energy loans, and distancing the company from its Chinese connections and significant issues at the Argentine site. The Cauchari-Olaroz project, 44.8% owned by LAC and 46.7% by China's Ganfeng Lithium, has been subject to allegations of human rights violations by The Washington Post and saw two worker deaths in October. Critics suggest LAC seeks to bypass Republican opposition and federal funding hurdles by separating from its China ties and the associated human rights and environmental concerns, which are seen as mirroring potential issues at Thacker Pass. Links: |