Thacker Pass’ estimated measured and indicated mineral resource estimate now total 44.5 million tonnes LCE at an average grade of 2,230 ppm of lithium, a 177% increase since the latest feasibility study.
Colton, the upcoming CFO, brings over two decades of financial and leadership experience to the role, which is seen as pivotal as the company prepares for the construction of its Thacker Pass lithium project in Nevada.Â
US-listed shares in Lithium Americas jumped on the news, trading 3.53% higher in pre-market hours to $3.53 each. The stock is up 13.7% so far this year.
The project won approval from the Trump administration in 2021. It is expected to open later this decade and become a key supplier to General Motors (NYSE: GM), which last year invested $625 million to acquire a 38% stake in the project.Â
The companies created a joint venture, Lithium Nevada Ventures, to jointly develop the project, which…
