On March 14, 2024, the US Department of Energy announced a conditional commitment for a $2.26 billion loan to help finance the construction of the companys planned lithium carbonate processing plant at Thacker Pass.[191] The Department of Energy stated the project reduces reliance on competitors like China by strengthening domestic supplies.[192] The final issuance of the loan was conditional on the Department of Energys review of the project under the National Environmental Policy Act (NEPA), but the Department of Energy has explained it relies on BLMs NEPA assessment and, to some degree, its NHPA assessment (discussed below) when reviewing a project.[193] At time of writing, the loan has closed.[194] General Motors (GM), a major US car company, is also a central partner to the Thacker Pass project
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^Savings for 6 months, as compared to the monthly price of each service
