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Lithium Americas Receives First $435M Drawdown From $2.23B DOE Loan To Fund Thacker Pass Lithium Project

Author: Benzinga Newsdesk | October 20, 2025 06:12pm

Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) ("Lithium Americas" or the "Company") announced today that the Company has received its first drawdown of $435 million from its $2.23 billion guaranteed loan from the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO") under the Advanced Technology Vehicles Manufacturing ("ATVM") Loan Program (the "DOE Loan") to finance the construction of the processing facilities at Thacker Pass, located in Humboldt County, Nevada ("Thacker Pass" or the "Project").

Posted In: LAC TSX:LAC


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