Shares of Lithium Americas Corp. (LAC) are gaining more than 14 percent on Thursday morning trade after the company provided a construction plan update for its Thacker Pass lithium project in Humboldt County, Nevada.
The company said Lithium Americas received a commitment from the Department of Energy for a $2.26 billion loan for the construction of the processing facilities at Thacker Pass. The project targets to produce an initial 40,000 tonnes per year of battery-grade lithium carbonate.
Currently, shares are at $6.53, up 14.18 percent from the previous close of $5.73 on a volume of 11,510,974.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.