Lithium Americas Corp. (TSE:LAC) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Lithium Americas Corp. (LAC) and General Motors Holdings LLC (GM) have agreed to extend the Tranche 2 Investment agreement to December 31, 2024, which includes conditions for termination notices and the potential acceleration of the investment completion. The agreement outlines various scenarios under which the Tranche 2 Closing can occur, subject to conditions such as the execution of a Loan Arrangement and Reimbursement Agreement (LARA) related to a DOE Loan. Additionally, the deal grants GM exclusive rights to purchase 100% of the lithium produced from a Phase 2 expansion of LAC’s Thacker Pass Project under certain terms.
For further insights into TSE:LAC stock, check out TipRanks’ Stock Analysis page.