US Boosts Lithium Production with $2.26B Loan for Nevada Plant

The Department of Energy's loan to Lithium Americas aims to enhance EV battery supply and reduce reliance on foreign lithium sources.

Lithium Americas receives a $2.26 billion conditional loan from the US Department of Energy to construct a lithium processing plant in Nevada.
The Thacker Pass plant, adjacent to North America's largest lithium mine, is expected to produce 40,000 metric tons of battery-grade lithium carbonate annually.
The initiative is part of a broader effort to strengthen America's critical materials supply chain and support the demand for electric vehicles.
General Motors, a long-term customer, supports the project with a $650 million investment.
The project is anticipated to create approximately 1,800 construction jobs and 360 operational jobs.