GM leads funding round in U.S.-based lithium extraction company …

Apr 11, 2023  · Energy Exploration Technologies Inc. and General Motors today announced that GM Ventures is leading a $50 million Series B financing round in EnergyX, and has entered …


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GM Leads Funding Round In U.S.-based Lithium Extraction Company …

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Apr 11, 2023  · Energy Exploration Technologies Inc. and General Motors today announced that GM Ventures is leading a $50 million Series B financing round in EnergyX, and has entered …

gm.com

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General Motors Leads US$50million Investment In Lithium …

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Apr 13, 2023  · Automaker General Motors has announced it is expanding deeper into the mining sectors for critical minerals for electric batteries with its latest investment in privately-owned …

theoregongroup.com

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Exclusive: General Motors Moves Deeper Into Mining With EnergyX …

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Apr 11, 2023  · The automaker plans to lead a Series B round of financing for EnergyX worth $50 million and to help finance EnergyX's future expansion across North and South America. …

reuters.com

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General Motors Bets $625 Million On Lithium Americas' Thacker …

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Oct 16, 2024  · General Motors (GM) is putting up $625 million to green-light Lithium Americas ' (LAC) Thacker Pass project in Nevada, which has the largest-known deposit of the key battery …

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General Motors Increases Investment In Lithium Mine To Nearly $1bn

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Oct 16, 2024  · US carmaker General Motors has increased its investment in a lithium mine to nearly $1bn as it seeks to secure the long-term supply of a metal that is crucial to the …

ft.com

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GM Leads $50 Million Funding Round In EnergyX To Unlock US …

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Apr 15, 2023  · An arrangement allowing General Motors to utilize competitive lithium offtakes for its sole use in the construction of electric vehicles, including raw materials obtained from …

cleantechnica.com

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GM To Invest $625 Million In Joint Venture To Mine EV Battery Raw ...

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Oct 16, 2024  · DETROIT — General Motors has agreed to establish a joint venture with Lithium Americas Corp. that includes the automaker supplying $625 million in cash and credit to the …

nbcnews.com

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GM Strengthens Lithium Supply Chain With US$625 Million …

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Oct 18, 2024  · The investment marks GM's latest move to establish a resilient ... 249.50 g/t Silver, 21.97% Zinc, 7.03% Lead, 0.42% Copper at Its Red Mountain Project, Alaska ... Lithium …

investingnews.com

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General Motors Expands Its North American Lithium Empire With …

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The additional $325 million investment brings the automaker’s total stake in the project to $950 million, giving GM a significant ownership in the mine and securing a supply of lithium for at …

msn.com

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GM Leads $50 Million Funding Round In EnergyX To Unlock U.S.

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Apr 11, 2023  · The collaboration is focused on unlocking the North American supply of lithium, a critical material for EV batteries, by using EnergyX's innovative process to maximize efficiency …

prnewswire.com

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GM Backs Top US Lithium Project With $625 Million Investment

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Oct 16, 2024  · General Motors Inc will commit $625 million toward what’s likely to be one of the biggest US lithium mines, reinforcing the automaker’s efforts to secure supply of the battery …

bloomberg.com

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GM Doubles Down On EV Batteries, Invests $625M In Lithium Project

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Oct 16, 2024  · GM is upping the ante on its EV bet, investing $625 million directly into a US-based lithium mine project. GM and miner Lithium Americas announced the two companies will …

yahoo.com

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General Motors To Invest $625M In JV To Source Lithium For EV …

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Oct 17, 2024  · In August, General Motors and Lithium Americas postponed a $330 million second-tranche investment to explore alternative investment structures. GM also announced a …

yahoo.com

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GM Invests Big In EV-Battery Supply Chain - Business Insider

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Oct 16, 2024  · General Motors is investing $625 million in the electric-vehicle supply chain. The funds are set to help Lithium Americas Corp. develop and operate a major lithium mine in …

businessinsider.com

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GM Investing US$625 Million In Joint Venture With Lithium Americas

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Oct 25, 2024  · General Motors (GM) and Lithium Americas Corp. announced on Oct. 16 that they are enter ing a joint venture (JV) to develop the Thacker Pass lithium carbonate project, which …

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FAQs about GM leads funding round in U.S.-based lithium extraction company … Coupon?

Did General Motors invest $320 million in Lithium Americas?

This JV follows General Motors' $320 million investment in Lithium Americas in February 2023, which included purchasing 15 million shares of the company. In August, General Motors and Lithium Americas postponed a $330 million second-tranche investment to explore alternative investment structures. ...

Why did GM invest $325 million in a lithium mine?

This latest move comes as part of GM’s broader strategy to cement its supply chain for the future of electric vehicle production. The additional $325 million investment brings the automaker’s total stake in the project to $950 million, giving GM a significant ownership in the mine and securing a supply of lithium for at least 20 years. ...

Does GM have a joint venture with Lithium Americas?

Under the deal announced on Wednesday, GM will enter into a joint venture with Lithium Americas to develop the Thacker Pass mine in Nevada. Lithium Americas’ shares surged 22 per cent on the news by lunchtime in Toronto. ...

Will Lithium Americas buy GM?

Lithium Americas will also manage the project on behalf of the JV. This recent deal builds on a US$320-million investment GM made in Lithium Americas in February 2023, in which GM acquired 15 million common shares in the company. ...

Why did General Motors invest in EnergyX?

General Motors Co (GM.N) on Tuesday said it will invest in lithium technology startup EnergyX as it expands further into the mining industry. The car maker's latest deal is aimed at ensuring long-term supplies of lithium, a metal used to make electric vehicle batteries. ...

Will GM invest $625 million to mine EV battery raw materials?

GM to invest $625 million in joint venture to mine EV battery raw materials in U.S. Securing raw materials such as lithium from the U.S. is crucial to GM’s plans to profitably grow its all-electric vehicle business. General Motors CEO Mary Barra speaks at the company's electric vehicle assembly plant in Detroit in 2021. ...

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