Lithium Americas (LAC) could see higher highs.
Helping, LAC just received a favorable ruling from the US District Court, District of Nevada for the issuance of the Record of Decision relating to the Company’s 100%-owned Thacker Pass project located in Humboldt Country, Nevada.
That ruling now confirms the permitting process for Thacker Pass was conducted thoroughly and responsibly and results in there being no impediment to commencing construction. The Federal Court ordered the BLM to consider one issue under the mining law relating to the area designated for waste storage and tailings and did not impose any restrictions expected to impact the construction timeline.
Now, according to Jonathan Evans, President, and CEO. “The favorable ruling leaves in place the final regulatory approval needed in moving Thacker Pass into construction.” This is substantial news and could send shares of LAC even higher. Even better, once construction gets underway, the company could see substantial demand with the EV boom just getting underway.