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Thacker Pass

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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 is splitting into two companies: Lithium Americas (which will own Thacker Pass and other North American projects) and Lithium International (which will own Cauchari-Olaroz). Why are they doing this? In short: to protect themselves from accountability for their crimes.

They are doing this to limit their liability, protect themselves from activists and political inquiries, and access loans from the U.S. Department of Energy.

The lithium brine project at Cauchari-Olaroz, in northwestern Argentina, is 44.8% owned by LAC and 46.7% owned by the Chinese company Ganfeng Lithium.

Two workers died at that site in October in unknown circumstances, and The Washington Post has made allegations of serious human rights violations.

LAC is trying to offload their China connection in order to bypass Republican opposition and access federal battery money, and distance themselves from the human rights abuses, environmental harms, and now worker deaths in Argentina that mirror what is beginning at Thacker Pass.

#ProtectThackerPass #ProtectPeeheeMuhuh #mining #lithium

Links:
- - https://seekingalpha.com/news/3900714-lithium-americas-to-split-into-two-public-companies

- https://freebeacon.com/national-security/this-foreign-company-wants-to-mine-massive-amounts-of-lithium-in-nevada-first-it-must-overcome-its-china-problem/

- https://www.washingtonpost.com/graphics/business/batteries/tossed-aside-in-the-lithium-rush/?wpisrc=al_alert-COMBO-economy%252Bnation

- https://finance.yahoo.com/news/lithium-americas-reports-two-contractor-174300204.html