Lithium Americas Corp has received a conditional commitment for a $2.26-billion loan from the U.S. Department of Energy to help it build lithium processing facilities in Nevada, as the Biden Administration looks to support America-produced lithium and reduce dependence on Chinese supply. Lithium Americas’ Thacker Pass project in Humboldt County, Nevada, is located next to a mine site that contains the largest-proven lithium reserves in North America, DOE said. The U.S.
Major construction is expected to start in the second half of this year, following the anticipated closing of the DOE Loan and issuance of full notice to proceed FNTP, which is expected in the second half of 2024.
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