 | |
| Company type | Public |
|---|---|
| Industry | Mining |
| Founded | October 3, 2023 |
| Headquarters | , Canada |
Key people | Kelvin Dushnisky (Chairman) Jonathan Evans (President and CEO) Pablo Mercado (CFO) |
| Revenue | -$3.90 million (loss) (2023) -$67.79 million (loss) (2022) -$47.02 million (loss) (2021) |
| Total assets |  $439.5 million (2023) |
| Website | www |
Lithium Americas Corp. is a Canadian mining corporation. It is currently developing the Thacker Pass Lithium Mine in northern Nevada.
The first incarnation of Lithium Americas Corp. was founded in the summer of 2009, and was a spin-off of Argentinian lithium operations in Caucharí-Olaroz owned by Latin American Minerals Inc and Grupo Minero Los Boros, an Argentinean borax producer. [1] [2]
In September 2015, Lithium Americas merged into another Canadian junior mining company, the Western Lithium USA Corporation. [3] [4] The Western Lithium USA Corporation was founded in 2008 as a spinoff of Western Uranium's lithium project in the King Valley (now known as Thacker Pass). [5] Post-merger, on March 22, 2016, Western Lithium announced it would rename itself to the Lithium Americas Corp. [6]
The current incarnation of Lithium Americas Corp. was created on October 3, 2023 after the close of trading from the separation between the previous Lithium Americas and its South American operations, now also a separate entity, Lithium Americas (Argentina) Corp. [7] [8]
The primary project of Lithium Americas is the development of a lithium mining operation near Thacker Pass in northern Nevada. On January 15, 2021, the American Bureau of Land Management issued a Record of Decision approving the Thacker Pass Lithium Mine. [9] On January 31, 2023, General Motors announced a $650 million investment into Lithium Americas, with GM gaining full access to the first phase of lithium production. [10] Initial construction on the project began in March 2023, with production of the mine beginning in 2026, and full production expected in 2027. [11] On March 14, 2024, the Biden administration announced a $2.26 billion loan for the construction of the Thacker Pass mine. [12]
In October 2024 Lithium Americas announced a substantial investment increase from General Motors, bringing GM’s total commitment to the Canadian mining company to $945 million—up from $650 million. The agreement forms a joint venture between GM and Lithium Americas to develop the Thacker Pass mine in Nevada, the largest known lithium deposit in the U.S. This investment is expected to support increased lithium production. [13]
Humboldt County is a county in the U.S. state of Nevada. As of the 2020 Census, the population was 17,285. It is a largely rural county that is sparsely populated with the only major city being Winnemucca which has a population of 8,431. Humboldt County comprises the Winnemucca, NV Micropolitan Statistical Area and serves as an important crossroads in the national transportation network. Interstate 80 travels through the southeastern corner of the county, meeting US 95 in Winnemucca that serves as a primary freight corridor between Northern Nevada and Boise, Idaho and the Interstate 84 freight corridor that links much of the Pacific Northwest. The original transcontinental railway, constructed by the Central Pacific Railroad, reached Humboldt County on September 16, 1868. The Western Pacific Railroad would reach Humboldt County by November 1909, providing two mainline rail links to California and the Eastern United States. Both railroads have since been acquired by the Union Pacific Railroad, who continues to serve the region today.
Rio Tinto Group is a British-Australian multinational company that is the world's second largest metals and mining corporation. It was founded in 1873 when a group of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government. It has grown through a long series of mergers and acquisitions. Although primarily focused on extraction of minerals, it also has significant operations in refining, particularly the refining of bauxite and iron ore. It has joint head offices in London, England and Melbourne, Australia.
Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world's largest gold mining corporation. Incorporated in 1921, it owns gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. In addition to gold, Newmont mines copper, silver, zinc and lead.
Mining in Australia has long been a significant primary sector industry and contributor to the Australian economy by providing export income, royalty payments and employment. Historically, mining booms have also encouraged population growth via immigration to Australia, particularly the gold rushes of the 1850s. Many different ores, gems and minerals have been mined in the past and a wide variety are still mined throughout the country.
Kinross Gold Corporation is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates six active gold mines, and was ranked fifth of the "10 Top Gold-mining Companies" of 2019 by InvestingNews. The company's mines are located in Brazil, Mauritania, and the United States. It trades under the KGC ticker in the New York Stock Exchange, and under K in the Toronto Stock Exchange.
Denison Mines Corp. is a Canadian uranium exploration, development, and production company. Founded by Stephen B. Roman, and best known for its uranium mining in Blind River and Elliot Lake, it later diversified into coal, potash, and other projects.
Uranium mining in the United States produced 224,331 pounds (101.8 tonnes) of U3O8 in 2023, 15% of the 2018 production of 1,447,945 pounds (656.8 tonnes) of U3O8. The 2023 production represents 0.4% of the uranium fuel requirements of the US's nuclear power reactors for the year. Production came from five in-situ leaching plants, four in Wyoming (Nichols Ranch ISR Project, Lance Project, Lost Creek Project, and Smith Ranch-Highland Operation) and one in Nebraska (Crowe Butte Operation); and from the White Mesa conventional mill in Utah.
Gold mining in the People's Republic of China has made that country the world's largest gold producer. In 2022, China mined 403 tons of gold. Data indicates the marginal costs are often above the world price for gold. For the year 2007, gold output rose 12% from 2006 to 276 tonnes to become the world's largest for the first time—overtaking South Africa, which produced 272 tonnes. South Africa had until then been the largest for 101 years straight since 1905. The major reasons for this change in position had been due to South African production falling by 50% in the past decade as production costs there have risen, more stringent safety regulations have been implemented, and existing mines have become depleted. In 2014, production had increased to 450 tonnes.
The mining of minerals in Nigeria accounts for only 0.3% of its gross domestic product, due to the influence of its vast oil resources. The domestic mining industry is underdeveloped, leading to Nigeria having to import minerals that it could produce domestically, such as salt or iron ore. The rights to ownership of mineral resources is held by the Federal Government of Nigeria, which grants titles to organizations to explore, mine, and sell mineral resources. Organized mining began in 1903, when the Mineral Survey of the Northern Protectorates was created by the British colonial government. A year later, the Mineral Survey of the Southern Protectorates was founded. By the 1940s, Nigeria was a major producer of tin, columbite, and coal. The discovery of oil in 1956 hurt the mineral extraction industries, as government and industry both began to focus on this new resource. The Nigerian Civil War in the late 1960s led many expatriate mining experts to leave the country. Mining regulation is handled by the Ministry of Solid Minerals Development, who are tasked with the responsibility of overseeing the management of all mineral resources in Nigeria. Mining law is codified in the Federal Minerals and Mining Act of 1999. Historically, Nigeria's mining industry was monopolized by state-owned public corporations. This led to a decline in productivity in almost all mineral industries. The Obasanjo administration began a process of selling off government-owned corporations to private investors in 1999. The Nigerian Mining Industry has picked up since the "Economic Diversification Agenda", from Oil & Gas, to Agriculture, Mining, etc., began in the country.
Mining is the biggest contributor to Namibia's economy in terms of revenue. It accounts for 25% of the country's income. Its contribution to the gross domestic product is also very important and makes it one of the largest economic sectors of the country. Namibia produces diamonds, uranium, copper, magnesium, zinc, silver, gold, lead, semi-precious stones and industrial minerals. The majority of revenue comes from diamond mining. In 2014, Namibia was the fourth-largest exporter of non-fuel minerals in Africa.
Vladimir Iorikh or Vladimir Iorich or Vladimir Yorikh or Vladimir Yorich or Vladimir Jorikh or Vladimir Jorich is a Russian steel tycoon, president of the Swiss firm Conares Holding, which he formed in 1995, and founded the private equity and a venture capital Zug, Switzerland, based firm, Pala Investments, which was registered at St Helier in Jersey in 2006, with Jan Castro as the Managing Director of Pala Investments AG, which is the exclusive advisor to Pala in 2008. He claims that he is a German-Swiss tycoon who has nothing to do with Russia but controls uranium mining in the United States.
The Montana Mountains are a mountain range in Humboldt County, Nevada. The mining company Lithium Americas Corporation is building a mine at Thacker Pass, which is between the Double H Mountains and the Montana Mountains.
Allkem Limited, known as Orocobre Limited until 30 November 2021, is an Argentinian mining company that is a wholly-owned subsidiary of Arcadium Lithium. Headquartered in Buenos Aires, Argentina, Allkem's portfolio includes lithium brine operations in Argentina, a hard-rock lithium operation in Australia and a lithium hydroxide conversion facility in Japan. Allkem is dual listed on the Australian Securities Exchange and Toronto Stock Exchange. In May 2023, Allkem agreed terms to merge with Livent. In January 2024, Allkem and Livent merged to form the NYSE-listed Arcadium Lithium.
Franco-Nevada Corporation is a Toronto, Ontario, Canada-based, gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets. It is traded on the Toronto Stock Exchange and New York Stock Exchange.
The Thacker Pass lithium mine is a lithium clay mining development project in Humboldt County, Nevada, which is the largest known lithium deposit in the US and one of the largest in the world. There has been significant exploration of Thacker Pass since 2007. The Bureau of Land Management issued a Record of Decision approving development of the mine in January 2021. Construction began in March 2023 after an emergency appeal was denied by the court. The project site would cover 18,000 acres (7,300 ha), with less than 6,000 acres (2,400 ha) of that being mined, on a site 21 miles (34 km) west-northwest of Orovada, Nevada within the McDermitt Caldera. The mine is a project of Lithium Nevada, LLC, a wholly owned subsidiary of Lithium Americas Corp. In late January 2023, car giant General Motors announced it would invest $650M in the mine project, giving GM exclusive access to the first phase of production. In February 2023, when the initial $320 million investment was completed, GM became Lithium Americas largest shareholder and offtake partner. At full capacity the mine would produce 66,000 tons annually, equivalent to 25% of the current (2021) demand for lithium globally, which is expected to triple over the next five years. Development of the mine is driven by increasing demand for lithium used in electric vehicle batteries and grid storage of intermittently generated electricity from sources such as solar power or wind power.
The McDermitt Caldera is a large, oval-shaped caldera west of McDermitt in southeastern Oregon and northern Nevada in the United States. It is about 28 miles (45 km) long north–south and 22 miles (35 km) wide east–west. The western part of the caldera is in the Trout Creek Mountains, and the northern part is in the Oregon Canyon Mountains. The highest point of the McDermitt Caldera is Jordan Meadow Mountain at 6,816 feet (2,078 m), which is part of the Montana Mountains of Humboldt County, Nevada.
Fission Uranium Corp. is a mineral exploration company. It is engaged in the exploration and development of uranium assets. Its sole project is the Patterson Lake South (PLS) Project located in Canada's Athabasca Basin District.
Australia has one of the biggest lithium reserves and is the biggest producer of lithium by weight, with most of its production coming from mines in Western Australia. Most Australian lithium is produced from hard-rock spodumene, in contrast to other major producers like Argentina, Chile and China, which produce it mainly from salt lakes.
Osisko Gold Royalties Ltd is a Canadian company that holds royalties in gold, silver and diamond mines, principally in the form of net smelter returns and streams. The company also invests in mineral exploration companies in the form of purchases of shares. Like its predecessor company, Osisko Mining, it is headquartered in Montreal, Quebec, with shares listed on the Toronto Stock Exchange and the New York Stock Exchange.
MP Materials Corp. is an American rare-earth materials company headquartered in Las Vegas, Nevada. MP Materials owns and operates the Mountain Pass mine, the only operating rare earth mine and processing facility in the United States. The rare earth materials industry is dominated by China, which produces 60% of the world's rare earth elements and processes 90% of these materials, including imports from other countries. MP Materials focuses its production on Neodymium-Praseodymium (NdPr), a rare earth material used in high-strength permanent magnets that power the traction motors found in electric vehicles, robotics, wind turbines, drones and other advanced motion technologies. MP Materials is listed on the New York Stock Exchange under the ticker symbol "MP". As of December 2021, JHL Capital Group, QVT Financial and CEO James Litinsky were the company's three largest shareholders, with about 7.7% of the company owned by Shenghe Resources, a Chinese company partly owned by the country's Ministry of Natural Resources.