15th March 2024
Runtime 00:41
US DoE Loan
Lithium Americas (NYSE: LAC) has received a loan commitment:
For a conditional US$2.6bn loan
- Under the Advanced Technology Vehicles Manufacturing ("ATVM") Loan Program
- To finance the construction of the processing facilities at Thacker Pass
Impact on Trident Royalties
- Trident holds a net 1.05% gross revenue royalty over Thanker Pass
- Post expected exercise of a partial royalty buyback
- Which would see US$13.2m to Trident
Market Intelligence
- Demonstrates significant commitment by US DoE to Thacker Pass
- Significantly de-risks the Thacker Pass royalty stream
- Positive for TRR following recent decline in lithium spot price
Trident Royalties (TRR)