DOE Grants $2.26 Billion Loan to Lithium Americas for Major Nevada Lithium Project

• U.S. Department of Energy granted Lithium Americas a $2.26 billion conditional loan for its Thacker Pass lithium project in Nevada • Loan will finance construction of processing facilities at the site • Thacker Pass has potential to be North America's largest lithium source for electric vehicle batteries • Targeting 80,000 tonnes per year production capacity of battery-grade lithium carbonate • Major construction expected to start in 2H 2022; full production targeted for 2028