24/7 Market News Snapshot 01 October, 2025 – Lithium Americas Corp. (NYSE:LAC)
DENVER, Colo., 01 October, 2025 (www.247marketnews.com) – (NYSE:LAC) are discussed in this article.
Lithium Americas Corp (LAC) has experienced a notable surge in its stock price, rising 40.65% to $8.031 in pre-market trading, driven by heightened investor enthusiasm and a substantial trading volume of 2.25 million shares. This rally reflects growing confidence in the lithium market, particularly as demand for lithium intensifies in the electric vehicle (EV) sector, positioning LAC for potential upward momentum in the coming sessions.
In a strategic development, Lithium Americas has also advanced its partnership with General Motors Holdings LLC (GM) regarding the Thacker Pass lithium project. The company announced a non-binding agreement in principle with the U.S. Department of Energy (DOE) concerning an initial draw of $435 million, representing part of a larger $2.26 billion loan arrangement. This agreement includes significant provisions, including a deferral of $182 million in debt service over the first five years, alongside the DOE securing a 5% equity stake in Lithium Americas through warrants and a similar economic stake in the joint venture.
Further enhancing this collaboration, GM is set to amend its lithium offtake agreement, thereby enabling the joint venture to explore additional third-party agreements for surplus production beyond GM’s established commitments. This partnership aims to bolster domestic lithium production in the U.S., ensuring a robust supply chain for various industries while generating valuable job opportunities.
Jonathan Evans, President and CEO of Lithium Americas, expressed gratitude towards the Administration, GM, and stakeholders for their collaborative efforts in advancing this pivotal project. Shilpan Amin, GM’s Senior Vice President Global Chief Procurement and Supply Chain Officer, echoed the sentiment, emphasizing the Thacker Pass project’s potential to reduce U.S. dependence on imported lithium. With a planned timeline for the first loan draw set for the fourth quarter of 2025, this initiative highlights a commitment to promoting energy security and economic growth in North America.