You can also contact MarketWatch Customer Service via our Customer Center. NYSE and AMEX data is at least 20 minutes delayed. Per Deloitte projections, worldwide EV sales are set to see a CAGR of 29% over the next decade. Rimmi Singhi Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Lithium Americas Shares Up on Thacker Pass Approval. The Company trades on both the Toronto Stock Exchange and on the New York Stock Exchange, under the ticker symbol “LAC”. NASDAQ data is at least 15 minutes delayed. Delayed quotes by Sungard. VANCOUVER, British Columbia, Jan. 15, 2021 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") is pleased to announce that the United States Bureau of Land Management ("BLM") has issued the Record of Decision (“ROD”) for the Thacker Pass lithium project (“Thacker Pass” or the “Project”) … It should also gain from synergies from the Rockwood acquisition and cost-cut actions. Thacker Pass is owned by Lithium Americas, whose largest shareholder is Ganfeng Lithium a massive Chinese Company. So, what is the heart and soul of electric cars? Hundreds of Tons of Sulfur will be burned every day at Thacker Pass. Lithium Americas is focused on advancing two significant lithium projects — the Cauchari-Olaroz lithium brine project in Argentina and Thacker Pass project (a sedimentary-based lithium … ... pursuant to which the Company is following the rules of the New York Stock Exchange. The project is approximately 17 miles northwest of Orovada and 54 miles north-northwest of Winnemucca. Examples of forward-looking information in this news release include, among other things, statements related to: development of the Thacker Pass project, including timing and permitting expectations. Therefore, our target customers will be … All statements, other than statements of historical fact, are forward-looking information. But the Thacker Pass project in Nevada should reinforce the … Accordingly, readers are cautioned not to place undue reliance on forward-looking information. Similar to Lithium Americas, Piedmont has not generated revenues from the lithium business yet, but is gaining massive investors’ attention of late due to promising prospects. It remains focused on investing in high-return projects to drive productivity. Its investor-friendly moves are also encouraging. It operates various projects namely Cauchari-Olaroz lithium brine project in Jujuy, Argentina and Thacker Pass lithium claystone project in … It is focused on the development of the Piedmont Lithium Project, located in North Carolina — one of the top-notch regions in the world for lithium exploration. Additional risks, assumptions and other factors are set out in the Company's management discussion analysis and most recent annual information form, copies of which are available on SEDAR at www.sedar.com and on the SEC's website at www.sec.gov. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Visit performance for information about the performance numbers displayed above. Lithium Americas previously said it plans to spend $400 million on the first phase of the Thacker Pass project, with initial output of 20,000 tonnes of lithium … Forward-looking information also involves known and unknown risks that may cause actual results to differ materially. They are our primary picks to buy and hold. The company announced the U.S. Bureau of Land Management has issued the Record of Decision for the company's Thacker Pass lithium project following completion of the National … Piedmont is fast tracking the development of the project in order to cater to the requirements of the deal with Tesla. Albemarle is strategically executing projects aimed at boosting its global lithium derivative capacity. For further information contact:Lithium Americas Corp.Investor RelationsSuite 300 - 900 West Hastings StreetVancouver, BC, V6C 1E5Telephone: 778-656-5820Email: ir@lithiumamericas.comWebsite: www.lithiumamericas.com. Over the past year, the stock has surged around 92%. Lithium Americas through a wholly owned subsidiary, Lithium Nevada, owns 100% of the Thacker Pass lithium project located in Nevada and the largest known lithium deposit in the United States. Thacker Pass, located 100 km northwest of Winnemucca, Nevada, is host to the largest known lithium resource in the US. This news release contains "forward-looking information" and "forward-looking statements" (which we refer to collectively as forward-looking information) under the provisions of applicable securities legislation. Zacks Rank #1 Strong Buys have more than doubled the market for 3 decades...and these are the 7 most promising stocks from that list. While the use of lithium was traditionally concentrated in ceramics, glass, lubricants and other industrial uses, the lithium space is presently gaining the maximum attention from EV batteries. Applications for key state permits and water rights transfers have been submitted, with results expected later this year. The MarketWatch News Department was not involved in the creation of this content. If you wish to go to ZacksTrade, click OK. Lithium Americas Corp. stock … Currently, the largest known lithium resource in the United States, Thacker Pass … The company is well placed to gain from long-term growth in the battery-grade lithium market. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. According to Allied Market Research, the global Lithium-ion battery market was valued $36.7 billion in 2019 and is projected to hit $129.3 billion by 2027, at a CAGR of 18.0% from 2020 to 2027. Piedmont Lithium Limited (PLL Quick QuotePLL - Free Report) : This Australia-based emerging lithium company currently carries a Zacks Rank #3. The EV industry prospects are only expected to blossom in the coming years. Why Lithium Americas Stock Jumped 10% Today The lithium miner got an upgrade after a huge run this past week. Thacker Pass, located north of Winnemucca, Nevada, USA, is 100% owned by Lithium Nevada Corp. (“Lithium Nevada ”), a US corporation and wholly-owned subsidiary of Lithium Americas (LAC). See the report's 7 new picks today, absolutely FREE. Thacker Pass, located 100 km northwest of Winnemucca, in Humboldt County, Nevada, is 100% owned by Lithium Nevada Corp. (“Lithium Nevada”), a US corporation and wholly-owned … The project is located 21 miles (34 km) west-northwest of Orovada, Nevada within the McDermitt Caldera.. Is there a problem with this press release? The net proceeds from the Offering are intended to be used to fund development of the Thacker Pass lithium project and for general corporate and working capital purposes, as further described in the Prospectus Supplement described below. The firm’s U.S. based project, Thacker Pass, is a sedimentary2 lithium deposit, the largest known lithium resource in the United States, and the most advanced lithium project … Forward-looking information is made as of the date hereof and the Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. The project targets a production of 22,700 tons/year of battery grade lithium hydroxide. Privacy Policy | No cost, no obligation to buy anything ever. The road to future mobility is EVs. The project is … Receipt of the ROD represents an important milestone in the development and the permitting of the Thacker Pass Project. January … These assumptions include, among others: expected budgets, capital expenditures and programs for the Company's projects; estimates of the mineral resources and reserves at its properties; development of mineral resources and reserves; government regulation of mining operations and treatment under governmental and taxation regimes; the timing and amount of future production; currency exchange and interest rates; the Company's ability to raise capital; exploration of financing options and a potential joint venture partner for Thacker Pass; the timing, cost, quantity, capacity and product quality of production at the Thacker Pass project; results of the Company's engineering, design permitting program at the Thacker Pass project, including that the Company meets deadlines set forth herein and receives permits as anticipated; successful results from the Company's testing facility and third-party tests related thereto; capital costs, operating costs, sustaining capital requirements, timing, results and completion of the Thacker Pass feasibility study; funding of project permitting and feasibility study costs for the Thacker Pass project; ability to achieve capital cost efficiencies; the effect of current or any additional regulations on the Company's operations; forecasted demand for lithium products, including pricing thereof; the Company's ability to fund, advance and develop the Cauchari-Olaroz project and the Thacker Pass project into production, including results therefrom and timing thereof; the impacts of COVID-19 globally and in the jurisdictions in which we operate, and on the availability and movement of personnel, supplies and equipment; timing of regulatory approvals and permits, and on third parties we are in a contractual relationship with regarding the preparation of the feasibility study and with respect to construction activities at the Cauchari-Olaroz project; accuracy of mineral resources, including whether such mineral resources can ever be converted into reserves; reliability of technical data, accuracy of current budget and construction estimates; that pending patents will be approved; ability to achieve commercial production; the share price and demand for our common stock; general economic conditions; maintenance of a positive business relationship with co-owners; timely responses from governmental agencies responsible for reviewing and considering the Company's permitting activities; the Company's position in a competitive environment; and a stable and supportive legislative, regulatory and community environment. It’s the pure play … Lithium Americas (NYSE:LAC) +13.8% post-market after the U.S. Bureau of Land Management has issued the final approval for its Thacker Pass project in … Thacker Pass Lithium mine approval draws around-the-clock protest "There is one working lithium mine in the United States, the Silver Peak brine mine located near Goldfield, Nevada. Lithium Americas has received the final federal approval for its Thacker Pass clay project in Nevada after the US Bureau of Land Management issued a Record of Decision last week. The metal is required for the development of lithium-ion batteries, the most sought-after batteries to power electric cars. Lithium Americas Corp. stock has also loss … Lithium Americas is a Canadian resource company. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Chile's state mining agency, Cochilco, projects lithium demand to increase to 1.79 million tons per year by 2030. December 21, 2020, F Quick QuoteF TM Quick QuoteTM GM Quick QuoteGM PLL Quick QuotePLL TSLA Quick QuoteTSLA ALB Quick QuoteALB LAC Quick QuoteLAC. COMTEX_377732811/2471/2021-01-15T18:50:20. Another Nevada lithium-boron junior is ioneer Ltd [ASX:INR] [GR:4G1] ( OTCPK:GSCCF ). Copyright 2021 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Lithium Americas (NYSE:LAC) +13.8% post-market after the U.S. Bureau of Land Management has issued the final approval for its Thacker Pass project in Nevada. Yesterday's jump came after the company announced a key federal permitting milestone was completed for its Thacker Pass lithium mining project … The Thacker Pass project is operated by Reno-based Lithium Nevada Corporation, which is a wholly owned subsidiary of Vancouver, Canada-based Lithium Americas Corporation. exceptionally high purity) lithium products for use in battery materials. Ganfeng Lithium owns the remaining 51%. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. This Zacks Rank #3 (Hold) stock has a market cap of around $14 billion and long-term expected EPS growth of 11.9%. Most important metal in EV batteries results to differ materially unknown risks that may cause actual results to differ.... Piedmont lithium Limited ( PLL Quick QuotePLL - Free report ): Australia-based. 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