Lithium Americas raised Thacker Pass Phase 1's cost estimate by 31% and expects to need $995 million in added funding. It kept the construction schedule and identified funding sources, but those do not erase the higher cost.
The higher build cost means Lithium Americas needs more money to finish the project. The company expects support from its joint venture with GM and federal loan reserves, and it kept the late-2027 completion target. Those facts help, but they do not erase the added cost and funding need.
General Motors is named as Lithium Americas' joint-venture partner, and the company expects to cover part of the added project funding through the venture. The report does not say how much GM must pay, and the construction schedule remains unchanged.
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