Do the US Department of Energy has stumped up a loan for $2.29B for the Lithium Americas Thacker Pass project.
Phase 1 for 40kt of LCE has a current forecast cost of $2.9B. GM have already thrown a few hundred Mill in and have an agreement for $600 odd Mill. This gives them rights to 100% of production from Phase 1.
Timeline, mechanical completion in 2027, then, they have to get the thing running.
Good luck LAC, GM and the USA. You have certainly put a lot of eggs in this basket. We are talking close to AUD 5B for a Lithium clay project of 40kt of LCE. I suspect once cost blowouts and delays are factored in, 2029-30 before nameplate, maybe, and what will be the cash cost of this project?
One of those projects that will help PLS make huge margins into the future as the cost curve rises, IMO.
https://lithiumamericas.com/news/news-details/2024/Lithium-Americas-Provides-a-Thacker-Pass-Construction-Plan-Update/default.aspx
Good News & Bad News, page-40536
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