Lithium Americas Secures $250 Million Investment from Orion for Thacker Pass Project

Lithium Americas has announced a strategic investment of $250 million from Orion Resource Partners LP to support the development and construction of Phase 1 of the Thacker Pass lithium project in Nevada. Orion has committed to purchasing senior unsecured convertible notes totaling $195 million and entering into a Production Payment Agreement (PPA) worth $25 million, with an option to purchase an additional $30 million in notes within two years, bringing the total investment to $250 million.

The investment, expected to close the week of March 10, 2025, establishes a long-term partnership between Lithium Americas and Orion, a firm with extensive experience in resource investment. Orion has also agreed, on a non-binding basis, to evaluate providing up to $500 million in additional financing for Phase 2 of Thacker Pass.

Lithium Americas’ President and CEO, Jonathan Evans, emphasized the strategic importance of Thacker Pass in securing a domestic lithium supply chain and reducing U.S. dependence on foreign sources for critical minerals. Orion’s Founder and Group CEO, Oskar Lewnowski, and Managing Partner Istvan Zollei highlighted their commitment to supporting projects crucial to sustainable economic growth and the energy transition.