Funding And Financial BackingA $2.26 Bn loan from the Department of Energy’s Loan Program Office has been approved for the Thacker Pass project, covering around 90% of total cost and interest expense during construction.
Partnerships And AlliancesThe partnership between LAC and GM has recently expanded to a joint venture structure, ensuring full alignment and commitment to project funding.
Resource And Production ExpansionLAC previously issued an updated reserve report growing M&I resource/P&P reserves and increased long-term volumes by 2x to 160 ktpa LCE in a project expansion.