This company will remain instrumental in the growing demand for EVs as well as numerous other products. Before the spinoff, FMC’s portfolio was nearly the fourth largest lithium businesses on the planet, behind ALB and a few others. Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. Thacker Pass is 100% owned by Lithium Nevada Corp. (“Lithium Nevada”), a Nevada corporation that is a wholly-owned subsidiary of Lithium Americas. Lithium Americas has priced the stock offering at $22 per share, representing an approximate 18% drop from Tuesday's closing price. Subsequently, the company said it would seek to raise $350 million in a new common stock offering.Â, Lithium Americas has priced the stock offering at $22 per share, representing an approximate 18% drop from Tuesday's closing price. 1125 N. Charles St, Baltimore, MD 21201. It operates various projects namely Cauchari-Olaroz lithium brine project in Jujuy, Argentina and Thacker Pass lithium claystone project in … The Thacker Pass project is estimated to contain 179 metric tonnes (Mt) of proven and probable reserves of lithium ore grading 3,283ppm Li. Finding sources for lithium is a bit trickier. It came out of the gates strong trading above 18, but has bounced around since then and settled in around 9, with a $1 billion market cap. But its lithium operations are continuing to expand. Do you remember where Tesla (NASDAQ:TSLA) has its Gigafactory? LAC stock exploded higher on September 28, 2020, as a sympathy play on the lithium deal Tesla inked with Piedmont Lithium.. Piedmont Lithium (PLL) announce that it has entered into a binding agreement with Tesla (TSLA) for the supply of spodumene concentrate from Piedmont’s North Carolina deposit to Tesla. Lithium Americas soared 30% today after the U.S. Bureau of Land Management issued the final approval for its Thacker Pass project in Nevada. Therefore, our target customers will be companies that make cathodes and electrolyte for lithium ion batteries. Lithium Americas is a Canadian resource company. Conventional, continuous open-pit mining method using excavators and surface miners will be applied at the Thacker Pass project. 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 annually. 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. See all stocks … Market data powered by FactSet and Web Financial Group. VANCOUVER, British Columbia, Jan. 15, 2021 — 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”) following completion of the National […] Livent (LTHM) As you can see from its ticker symbol, Livent is all about lithium. About Lithium Americas: Lithium Americas is a development-stage company with projects in Jujuy, Argentina and Nevada, USA. Its Thacker Pass property is already producing lithium sulfate from its production mine in Argentina as it goes through paperwork on its U.S. mining operations. SQM stock is a little pricey here, but part of that is because of its 38% run in the past year. 1125 N. Charles St, Baltimore, MD 21201. In 2018, FMC, a specialty chemical maker, spun off its lithium portfolio to create a pure play company, Livent. You just have to be patient and expect a fair amount of volatility along the way. But the fact is, it has a significant lithium portfolio if you’re looking for pure play on the element. Because of South America’s large lithium reserves, SQM is a compelling addition to a lithium portfolio since it’s a local firm and has the support of the Chilean government. As you can see from its ticker symbol, Livent is all about lithium. The new breed of day trader can use this a lithium proxy and that makes it a bit more exposed to the whims of traders, rather than investors. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. quotes delayed at least 15 minutes, all others at least 20 minutes. VANCOUVER, British Columbia, Jan. 22, 2021 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") announced today … The stock has a $7 billion market cap and has several divisions, including fertilizers, iodine, potassium and industrial chemicals. This Canada-based mining company may be small — a $720 million market — but it offers a unique potential in this space. All rights reserved. But Pounce on the Lucid Motors Merger, Top SPAC Merger News This Week: Lucid Motors, EVgo, Joby Aviation and 7 More Hot SPACs, CCIV Stock: Comparing Lucid Motors to Tesla as ‘Merger Monday’ Hopes Soar, How the Internet Sent GameStop Stock Up 1,000% — And Where It’s Going Next. Shares of Lithium Americas (NYSE: LAC) jumped by 40% early on Tuesday, before settling back to a gain of 29.7% as of 1:42 p.m. EST. “Thacker Pass has the potential to provide future sources of high-quality lithium chemicals critical for establishing a strong domestic lithium supply chain required to support a low-carbon economy.”. Investing in this sector requires some discernment to pick the best names. The only difference is, cars and trucks are still built the way they were decades ago, more or less. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead. Yesterday's jump came after the company announced a key federal permitting milestone was completed for its Thacker Pass lithium mining project in Nevada. It’s pretty well distributed around the world but the problem is, it’s usually found in salt flats and otherwise widely dispersed. He has been investing since 1989 and been a Fool since 2001. It is estimated to contain 3.1Mt of lithium carbonate-equivalent (LCE). Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. Today's financing news should be considered good for shareholders who want the company to continue to invest for the potential from the mining projects. This isn’t a mining firm, but the next step up the chain, a specialty chemicals maker. Albemarle develops catalysts and reagents that create products that are used in the pharmaceutical, electronics, water treatment, paper and photographic industries, to name just a few. 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. In his latest feat, Louis discovered the “Master Key” to profiting from, the biggest tech revolution of this (or any) generation, Louis Navellier and the InvestorPlace Research Staff, A Play on the Biggest Scientific Breakthrough of the Century, What Did the Stock Market Do? The chain, a specialty chemicals maker 144 % in the past year, but given its size it... Its IPO in 2018, FMC, wherein the CEO of FMC is Chairman the. — a $ 7 billion market cap, so it ’ s potential for Gigafactory is... 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