Phoenix Water - PXW - Lithium - 100x, page-1718

I believe the process to secure loan from DOE will be faster.

Below is the timeline of Lithium America's DOE credit facility securing.

- April 2022: Lithium Americas Corp applied for the DOE ATVM Loan Program.

- Jan 2023, Lithium Americas entered into a binding supply agreement with General Motors.

- Feb 2023: GM provided the initial $320 million investment tranche.

- Feb 2023: Lithium Americas Corp. received a Letter of Substantial Completion from the U.S. DOE Loan Programs Office.

- Sep 2023: DOE proposed to issue a loan to Lithium America.

- Mar 2024: Lithium Americas secured a $2.26 billion loan for Thacker Pass.