Lithium Americas Raises Thacker Pass Phase 1 Cost Estimate 31%
The company raised the Nevada project's estimated Phase 1 cost by 31% to $3.83 billion, citing higher labor, construction and logistics costs. Its shares were down 6.3% in morning trading.
Lithium Americas NYSE:LAC on Wednesday raised the estimated cost of Phase 1 of its Thacker Pass lithium project in Nevada by 31% to $3.83 billion, citing higher labor, construction and logistics costs.Shares of the company were down 6.3% in morning trading.Here are more details