Lithium Americas receives $250 million investment from Orion Resource Partners for Thacker Pass lithium project.
Orion Resource Partners has made a strategic investment of $250 million in Lithium Americas to support the development and construction of Phase 1 of the Thacker Pass lithium project in Nevada.
Orion has entered a production payment agreement with Lithium Americas, paying $25 million in exchange for a share of the minerals processed and gross revenue from Thacker Pass.
Orion is also evaluating the potential to provide up to $500 million in financing for Phase 2 of the project.