Here comes the hint with the fence post, me thinks.Fellow...

Here comes the hint with the fence post, me thinks.
Fellow punters here, what does this mean to our ARR ?VANCOUVER, British Columbia, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) today announced that it has entered into a purchase agreement (“Purchase Agreement”) with General Motors Co. (NYSE: GM) (“GM”) pursuant to which GM will make a $650 million equity investment in Lithium Americas (the “Transaction”). In connection with the Transaction, the Company has provided an update on the construction plan for the Thacker Pass lithium project in Humboldt County, Nevada (“Thacker Pass” or the “Project”), including the release of an independent National Instrument 43-101 (“NI 43-101”) feasibility study (“Feasibility Study”).

TRANSACTION HIGHLIGHTS:

• The largest-ever investment by an automaker to produce battery raw materials, with GM to become Lithium Americas’ largest shareholder.

• Lithium Americas to receive $650 million equity investment from GM consisting of:

  • $320 million first tranche investment for common shares representing 9.999% of Lithium Americas before separation; and

  • $330 million second tranche investment, contemplated to be invested in the Company’s U.S. business following the separation of its U.S. and Argentine businesses (the “Separation”).

https://finance.yahoo.com/news/lithium-americas-provides-general-motors-133000756.html