A court order issued by the U.S. District Court for the District of Nevada reads in part: "Plaintiffs and Plaintiff-Intervenors mostly-but not entirely-unsuccessfully challenged the Bureau of Land Management of the U.S. Department of Interior’s approval of Intervenor-Defendant Lithium Nevada Corporation’s plan to build a lithium mine near Thacker Pass, Nevada and engage in further exploration for lithium. Environmental Plaintiffs filed an emergency motion for an injunction pending appeal, asking the Court to enjoin Lithium Nevada from proceeding with any construction on the Project until the United States Court of Appeals for the Ninth Circuit resolves their appeal… Because Plaintiffs cannot make a strong showing of likelihood of success on the merits-and as further explained below-the Court will deny the pending motions. Accordingly, the Court declines to issue an injunction pending Plaintiffs’ appeal, and in doing so, the Court effectively maintains the status quo-remand without vacatur of the ROD." Reference Link
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on LAC:
- Lithium Americas Receives Letter of Substantial Completion for Application to U.S. DOE ATVM Loan Program
- Lithium Americas Announces Initial Closing of $650 Million Investment from General Motors
- Lithium Americas price target raised to $40 from $39 at B. Riley
- Lithium Americas rises 12.1%
- Lithium Americas rises 12.7%