VANCOUVER, British Columbia, Jan 15, 2021 (GLOBE NEWSWIRE via COMTEX) -- But the Thacker Pass project in Nevada should reinforce the … 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. 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. Real time prices by BATS. (RTTNews) - Shares of Lithium Americas Corp. (LAC) are rising more than 28% Tuesday morning and touched a new high of $26.83. 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. This Zacks Rank #3 (Hold) stock has a market cap of around $14 billion and long-term expected EPS growth of 11.9%. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. With lithium being the indisputable ingredient in the battery technology, the demand for the commodity is expected to grow exponentially. This report reveals the 7 stocks predicted to have the most explosive gains over the next 30 days. ZacksTrade and Zacks.com are separate companies. See the report's 7 new picks today, absolutely FREE. Recent stocks from this report have soared up to +178.7% in 3 months. 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 property) in Nevada — to address the rising global demand for lithium. OROVADA — The Thacker Pass lithium mine proposed by Lithium Nevada Corp. has been approved by the Bureau of Land Management Humboldt River Field Office. Chile's state mining agency, Cochilco, projects lithium demand to increase to 1.79 million tons per year by 2030. The project is located 21 miles (34 km) west-northwest of Orovada, Nevada within the McDermitt Caldera.. Per Statista data, lithium demand is expected to more than double to 820,000 tons over the next five years. The MarketWatch News Department was not involved in the creation of this content. It operates various projects namely Cauchari-Olaroz lithium brine project in Jujuy, Argentina and Thacker Pass lithium claystone project in Nevada. These returns cover a period from January 1, 1988 through January 4, 2021. ... pursuant to which the Company is following the rules of the New York Stock Exchange. The US Bureau of Land Management gave final approval to the lithium mine in Nevada. Lithium is not currently mined from clay with several companies such as Lithium Americas investigating commercial methods, so there is technology risk, Jackson tells investors in a research note. Lithium Nevada Thacker Pass Lithium Mine impacts on our community. It’s the pure play … We use cookies to understand how you use our site and to improve your experience. The demand for lithium for usage in EVs is likely to further dwarf the existing supply of this metal for traditional industrial purposes including ceramics, polymers and glass ceramics. Lithium Americas Corp. stock … We detected a huge call option sweep with a $30 strike and an August 20, 2021, expiration. It is lithium. NYSE and AMEX data is at least 20 minutes delayed. Per the deal, the former will supply the EV behemoth with spodumene concentrate, a lithium mineral, which is used in the production of batteries. 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 … The Cauchari-Olaroz project will have an average expected production of 40,000 tonnes per year of lithium … “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.”. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Its investor-friendly moves are also encouraging. Copyright © 2021 MarketWatch, Inc. All rights reserved. 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. The other talked about target is Lithium Americas' [TSX:LAC] Thacker Pass project in Nevada. The net proceeds from the Offering are intended to be used to fund development of the Thacker Pass lithium project … Thacker Pass is owned by Lithium Americas, whose largest shareholder is Ganfeng Lithium a massive Chinese Company. These risks include, among others, inherent risks in the development of capital intensive mineral projects (including as co-owners), variations in mineral resources and mineral reserves, global demand for lithium, recovery rates and lithium pricing, risks associated with successfully securing adequate financing, changes in project parameters and funding thereof, risks related to growth of lithium markets and pricing for products thereof, changes in legislation, governmental or community policy, political risks associated with foreign operations, permitting risks, including receipt of new permits and maintenance of existing permits, title and access risks, cost overruns, unpredictable weather and maintenance of natural resources, unanticipated delays, intellectual property risks, currency and interest rate fluctuations, operational risks, health and safety risks, and general market and industry conditions. 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. ET Since 1988 it has more than doubled the S&P 500 with an average gain of +24.93% per year. 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). The Thacker Pass Project is unlike most mining projects in that it is proposed to be a carbon-neutral mine operation. 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. 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. The company is well placed to gain from long-term growth in the battery-grade lithium market. The mine is expected … These 10 are painstakingly hand-picked from over 4,000 companies covered by the Zacks Rank. “The Thacker Pass project is being designed to process battery-grade (e.g. --Lithium Americas Corp. is pleased to report the release of the Final Environmental Impact Statement for the Thacker Pass lithium project by the United States Bureau of Land Management. Ganfeng Lithium owns the remaining 51%. Lithium Americas is a Canadian resource company. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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 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. January … 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. In addition to the stocks discussed above, would you like to know about our 10 top tickers for the entirety of 2021? TSE – Lithium Americas Receives Record of Decision for Thacker Pass 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 […] 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 currently under development in the United States with over ten years of development and over $100M invested to-date. on. With rising awareness about greenhouse gases and their effect on global climate, auto biggies are fast shifting gears to e-mobility and the number of EV model launches is rapidly increasing. China, Europe, United Kingdom, France, Germany, the United States and other countries are laying out ambitious targets to phase out gas-powered vehicles. 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. And what is the most important metal in EV batteries? The offering is expected to close on Friday, with the proceeds being used for the Thacker Pass lithium project and for general corporate and working capital, the company said. The project targets a production of 22,700 tons/year of battery grade lithium hydroxide. The Cauchari-Olaroz project is in the development phase, with construction expected to be completed by 2021-end and production to be commenced in early 2022. Livent (LTHM) As you can see from its ticker symbol, Livent is all about lithium. Lithium Americas Corp. stock has also loss … One of the ways to play the EV revolution is to buy lithium stocks. The project is … 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 … “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.”. 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 … LAC stock surged 17% in after-hours trading on January 15, 2021, after the company announced that the United States Bureau of Land Management has issued the Record of Decision for the Thacker Pass lithium project… The project is approximately 17 miles northwest of Orovada and 54 miles north-northwest of Winnemucca. These batteries are light weight, boast high energy density and are less likely to lose charge when not being used. "With the federal permitting process complete, our focus is on advancing the financing process including discussions with potential strategic partners.". 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 … So, what is the heart and soul of electric cars? 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… Forward-looking information is based upon a number of factors and assumptions that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such information. Set to be the biggest lithium deposit in the US, Thacker Pass is being developed by Lithium Nevada, a fully-owned subsidiary of Lithium Americas … The electric vehicle (EV) space has been one of the hottest industries in 2020. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Visit www.zacksdata.com to get our data and content for your mobile app or website. 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. Lithium Americas is a development-stage company with projects in Jujuy, Argentina and Nevada, USA. 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. 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. 2 days ago . Such information reflects the Company's current views with respect to future events and is necessarily based upon a number of assumptions that, while considered reasonable by the Company today, are inherently subject to significant uncertainties and contingencies. Importantly, more than 50% of all the lithium produced is deployed in rechargeable batteries, which is expected to increase on the back of widespread adoption of green vehicles. Piedmont is fast tracking the development of the project in order to cater to the requirements of the deal with Tesla. Developer Lithium Americas is a step closer to final approvals for its large-scale Thacker Pass clay project in Nevada after the final environmental impact statement was released last week. Another Nevada lithium-boron junior is ioneer Ltd [ASX:INR] [GR:4G1] ( OTCPK:GSCCF ). 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. 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. Forward-looking information also involves known and unknown risks that may cause actual results to differ materially. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. exceptionally high purity) lithium products for use in battery materials. However, the stock — boasting long-term prospects — should be on your radar. 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 … ; The company … The monthly returns are then compounded to arrive at the annual return. LAC stock surged 17% in after-hours trading on January 15, 2021, after the company announced that the United States Bureau of Land Management has issued the Record of Decision for the Thacker Pass lithium project. Visit performance for information about the performance numbers displayed above. “The Thacker Pass Project is being engineered to produce low-cost, battery-quality lithium products reliably and at scale, however, the environmental design is a point of pride for the project … Privacy Policy | No cost, no obligation to buy anything ever. 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. Lithium Americas Corp. (NYSE:LAC) is a rapidly growing junior lithium mining company based in Canada.It is an advanced-stage lithium developer working on two key projects including Thacker Pass … Zacks has a proven record of recommending stocks with significant upside potential. 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”) following completion of the … Rank stocks included in the coming years submitted, with results expected later this year © 2021 MarketWatch Inc.... Buy anything ever cover a period from January 1, 1988 through January 4, 2021, expiration Pass claystone... 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