On April 1, 2025, Lithium Americas Corp. closed a US$250 million investment from fund entities managed by Orion Resource Partners LP for the development and construction of Phase 1 of the Thacker Pass lithium project in Humboldt County, Nevada. The investment satisfies all remaining fundraising requirements from both the U.S. Department of Energy and General Motors under the previously announced US$2.26 billion loan from the U.S. Department of Energy and achieves fully funded status for the development of Thacker Pass Phase 1.
Concurrently, Lithium Americas and General Motors announced the final investment decision for the development of Thacker Pass Phase 1.
Cassels acted for Lithium Americas.