Lithium Americas Corp. has secured a $2.26 billion loan from the U.S. Department of Energy's (DOE) Loan Programs Office under the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program. This funding is designated for the construction of processing facilities at the Thacker Pass lithium project in Humboldt County, Nevada.

In conjunction with this loan, General Motors (GM) has entered into an investment agreement with Lithium Americas to form a joint venture for the development of Thacker Pass.

This collaboration between Lithium Americas, the DOE, and GM represents a significant advancement in establishing a robust domestic supply of lithium, essential for the expanding electric vehicle market and the broader clean energy transition.

Cassels Brock & Blackwell LLP acted as Canadian counsel for Lithium Americas, with a deal team comprising David Redford, Cathy Mercer, John Christian (Securities and Mining), David Budd, Carla Potter, Lauren White, Melissa Montana (Banking & Specialty Finance), Zahra Nurmohamed, and Jocelyn Arnason (Tax & Trusts).