US Government Takes 5% Stake in Lithium Americas – LAC Stock Soars
Background: Lithium Americas and Thacker Pass Lithium Americas Corp. (NYSE/TSX: LAC) is the Canadian miner behind the Thacker Pass project in northern Nevada. Thacker Pass hosts the world’s largest known measured lithium resource Lithiumamericas. The project is a joint venture: Lithium Americas owns 62% (and manages the mine) and GM holds 38% Lithiumamericas. Phase 1 of Thacker Pass is expected to…