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GM Invests $650M in Controversial Thacker Pass Lithium Mine

9/27/2025

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Summary

Story summary

The Thacker Pass lithium mine in Nevada is the largest U.S. lithium deposit, targeting 800,000 EVs.
General Motors (GM) plans a $650 million investment in Lithium Americas, the mine’s developer.
The Trump administration seeks up to 10% equity in Lithium Americas as part of renegotiating a $2.26B loan.
Stock rose over 100% after equity-stake news. Environmental groups oppose the project.

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Story summary

The Thacker Pass lithium mine in Nevada is the largest U.S. lithium deposit, targeting 800,000 EVs.
General Motors (GM) plans a $650 million investment in Lithium Americas, the mine’s developer.
The Trump administration seeks up to 10% equity in Lithium Americas as part of renegotiating a $2.26B loan.
Stock rose over 100% after equity-stake news. Environmental groups oppose the project.