Lithium Nevada Secures $2.26B Loan to Build Major Lithium Plant, Creating Thousands of Jobs

• Lithium Nevada got a $2.26B loan to finance a lithium processing plant at the Thacker Pass mine site • The plant will produce 40,000 tonnes of lithium carbonate per year, enough for ~800,000 EVs • Construction started in March 2023 after Lithium Nevada won a court case against opponents • The plant is expected to create 1,800 construction jobs and 360 operations jobs • GM invested $650M in the project, making it the largest shareholder in Lithium Nevada's parent company