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We provide the latest news from the world of economics and finance
(RTTNews) - 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.
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