Federal Judge Paves Way for Development of Nevada Lithium Mine
March 1, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Late last month, U.S. federal judge Miranda Du denied the request for an emergency injunction to block construction of Lithium Americas' (NYSE:LAC) (Vancouver, British Columbia) Thacker Pass lithium mine in northern Nevada near the Oregon border. The facility will be the largest lithium mine in the U.S., according to trade journal Stockhead.
Lithium Americas' project received attention in late January when General Motors Company (NYSE:GM) (Detroit, Michigan) agreed to purchase $650 million worth of Lithium Americas' shares and all of the mine's 40,000 tonnes per year of lithium after Phase I construction is completed.
