Lithium Americas raises Thacker Pass project cost estimate by 31% to $3.83 billion
Canada's Lithium Americas has revised the budget of its flagship lithium project, Thacker Pass in Nevada, raising the estimate by 31% to $3.83 billion. The reasons: rising labor, construction and logistics costs. The company's shares fell more than 8%. Additional financing is expected to be secured through the company's own funds and reserves under a US Department of Energy loan.
Otabek Yusupov