GM Increases Stake in Nevada Lithium Project

October 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Despite a severe downturn in lithium prices causing some projects to be delayed, General Motors Company (NYSE:GM) (GM) (Detroit, Michigan) has altered its funding plans for Lithium Americas Corporation's (NYSE:LAC) (Vancouver, British Columbia) Thacker Pass project in Humboldt County, Nevada, increasing a planned second round of funding to form a joint venture. The increased investment makes it the largest investment by a U.S. automaker in a lithium project.