US weighing record $1 billion loan for massive lithium mine in Nevada
The Biden administration and Lithium Americas Corp. are negotiating the terms of an agreement that would fund more than half of the cost of the Thacker Pass mine.
Becancour is drawing corporate giants to the French-speaking Canadian province with its ambitions to make this industrial outpost, halfway between Montreal and Quebec City, a key gear for an EV battery supply chain to serve the continent.
Republican leaders had promised voters during the election they would cut the mining permit review timeline in half and boost domestic EV mining, rather than seek more supply overseas.
Kurt Schlosser, former head of Tesla’s Australian operations, bought shares in Piedmont Lithium after becoming aware that Tesla had reached an agreement with the mining company.