Lithium Americas Corp. Expands Thacker Pass Project Potential

Lithium Americas Corp. ( (TSE:LAC) ) just unveiled an announcement.

Lithium Americas Corp. has announced a significant increase in mineral resource and reserve estimates for its Thacker Pass project, with the potential to become the largest lithium reserve globally. The project supports an 85-year mine life with five phases of expansion targeting a production capacity of 160,000 tonnes per year of battery-quality lithium carbonate. The company has optimized its processes to increase ore recovery and reduce operating costs, contributing to the project’s robust economic potential with an estimated annual EBITDA of $2.1 billion and a net present value of $8.7 billion.

More about Lithium Americas Corp.

Lithium Americas Corp. is a company focused on the lithium industry, primarily dealing with the extraction and production of lithium, a critical mineral in the manufacturing of batteries. The company’s market focus is on increasing domestic production of lithium in the United States, as exemplified by their major project, the Thacker Pass lithium project in Nevada, which is a joint venture with General Motors Holdings LLC.

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