GM will invest $625 million to support a joint venture with Canadian mining company Lithium Americas and the Thacker Pass mining project in Nevada.

For its 62% ownership of Thacker Pass, Lithium Americas will contribute $387 million to the JV and act as manager of the project.

Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") announced the Company and General Motors Holdings LLC ("GM") have entered into a new investment agreement ("Investment Agreement") to establish a joint venture ("JV") for the purpose of funding,

Lithium Americas is completing initial dirt work for a massive production facility at its mine at the southern end of the McDermitt Caldera, about 60 miles northwest of Winnemucca.

GM has entered into a $625 million joint venture with Lithium Americas to develop and operate a lithium carbonate mining project.