Domestic lithium production

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Possible US Stake in GM Partner Lithium Americas Sparks Stock Surge
Yahoo Finance· 2025-09-24 15:37
Core Insights - The Biden administration approved a $2.26 billion loan for the development of the Thacker Pass lithium project, which is expected to be the largest lithium supplier in the Western Hemisphere by 2028 [4] - Shares of Lithium Americas (LAC) surged over 90% following reports that the Trump administration may acquire up to a 10% stake in the company [1][6] - General Motors (GM), in partnership with Lithium Americas, is involved in the Thacker Pass project to enhance domestic lithium production, crucial for rechargeable batteries [2][6] Company Developments - Lithium Americas is in discussions with the Department of Energy and General Motors regarding the first draw on the DOE loan [5] - The company’s stock was up approximately 3% year-to-date before the recent surge [5] - Concerns were raised by Trump officials about the company's ability to repay the loan due to low lithium prices, leading to renegotiations of the agreement [4] Industry Context - The Thacker Pass project is seen as vital for increasing U.S. lithium production, reducing reliance on China as a major supplier [2] - The move to potentially acquire a stake in Lithium Americas aligns with previous investments by the administration in companies deemed critical to U.S. national security, such as Intel and MP Materials [5]
American Battery Technology Company Completes Additional Drill Program to Progress Mission to Increase American Critical Mineral Production at its Nevada Lithium Project
Newsfilter· 2025-04-08 13:45
Core Insights - American Battery Technology Company (ABTC) has completed its fourth drill program at the Tonopah Flats Lithium Project (TFLP), marking a significant milestone in the commercialization of domestic lithium resources [1][2] - The company aims to enhance the production of lithium from Nevada claystone, aligning with national security and supply chain stability goals [2][8] - The upcoming Pre-Feasibility Study (PFS) will build on previous assessments and is expected to identify financing strategies for the project [4] Company Developments - ABTC has engaged True North Drilling for core sample collections and Barr Engineering for mine plan development and PFS publication [2] - The recent drilling program aims to define lithium resources and provide geotechnical data for mine design [3] - The TFLP is identified as one of the largest domestic lithium resources, with approximately 21.2 million tons of economical lithium carbonate equivalent (LCE) [4] Technical Aspects - The drilling program included multiple sample holes with total depths ranging from 763 to 985 feet [5] - ABTC has successfully manufactured battery-grade lithium hydroxide from its claystone resource and is constructing a 30,000-tonnes-per-year lithium hydroxide refinery [5][6] - The company utilizes innovative technologies to access lithium from unconventional claystone materials found in central Nevada [6] Industry Context - The U.S. lacks large quantities of conventional lithium resources, making ABTC's approach to utilize domestic claystone critical for increasing local production [6] - The company's efforts are part of a broader mission to secure a sustainable supply chain for critical battery materials in response to growing demand from electric vehicles and other industries [8][14]