Government SupportThe renegotiation with the government and funding lined up from the Department of Energy and General Motors allows Thacker Pass to progress and potentially become a key part of the North American electric vehicle supply chain.
Project DevelopmentThacker Pass construction continues unabated and on schedule with detailed engineering 70% complete and first steel installation expected in September.
Strategic PartnershipsLAC receives deferred debt service and potential JV benefits from the US DOE, which can prove more lucrative than the current GM purchase agreement.