Lithium Nevada LLC (formerly Lithium Nevada Corp.)
Thacker Pass Phase 1 lithium carbonate processing facilities
fin-us-doe-thacker-pass-atvm-2024
Reading this record
What the evidence says — and does not say
- What kind of figure?
- CommitmentMoney, or a money-like promise, committed to a named recipient or project. The only role ever summed.
- What has happened legally?
- Partially disbursedSome of the money has been paid out.
- Has money been paid?
- Follow the payment evidenceThe source-linked current status records partial payment. It does not establish that the full stated amount was paid or that construction occurred.
- What does it link to?
- Project attributionOne registered project is linked directly to this row. The link alone does not prove the amount was paid or that the project advanced.
This is a commitment role, but the financial status still determines legal standing and payment. Funding and verified industrial outcomes remain separate. A financial record alone never independently verifies construction, commissioning or production. Read SMPT's counting and evidence rules.
Amount
As stated “$2.23 billion amended expected loan amount ($1.97 billion principal plus approximately $256 million capitalized interest)”
USD 2,230,000,000 · Approximately · Currency stated in the source
Record
- Provider
- U.S. Department of Energy, ATVM Loan Program (Federal Financing Bank lending arrangements)U.S. Department of EnergyGovernment body
- Legal authority
- Energy Independence and Security Act of 2007 — Advanced Technology Vehicles Manufacturing (ATVM) Loan Program
- Programme
- None named
- Recipient
- Lithium Nevada LLC (formerly Lithium Nevada Corp.)Lithium Nevada LLCCompany
- Project
- Thacker Pass Phase 1 lithium carbonate processing facilitiesThacker Pass Phase 1 lithium-carbonate processing facilities capital stack →
- Facility
- Thacker Pass Phase 1 processing plant and associated infrastructure
- Location
- Thacker Pass, Humboldt County, NevadaUS
- Stages
- ProcessingSingle stage
- Materials
- LithiumTracked materials only
Status
Financial and physical progress are separate histories. The last entry is current.
Financial
- Contracted
Executed ATVM Loan Arrangement and Reimbursement Agreement No. A1034 on 28 October 2024, originally naming Lithium Nevada Corp. Original approx. $2.26B face amount was later revised; no draw inferred from closing.
Lithium Americas Corp. / U.S. Securities and Exchange Commission (EDGAR)
- Partially disbursedcurrent
First $435M DOE-loan advance received on 20 October 2025. Issuer's 2026 Q2 filing confirms subsequent draws of $432M (24 February 2026) and $342M (3 June 2026), totaling $1.209B advanced by 30 June 2026. These are draws under the same facility, not additive commitments.
Lithium Americas Corp. / U.S. Securities and Exchange Commission (EDGAR)
Implementation
- Constructioncurrent
Issuer's quarter-ended 30 June 2026 report confirms active major construction of Thacker Pass Phase 1 processing plant, $1.6217B cumulative Phase 1 construction costs within the technical-report capital-expenditure estimate and targeting late-2027 mechanical completion. No commissioning or operating output is evidenced.
Lithium Americas Corp. / U.S. Securities and Exchange Commission (EDGAR)
Notes
Single DOE ATVM/FFB loan, No. A1034. The original 28 October 2024 closing was approximately $2.26B ($1.97B principal plus an estimated $289.6–$289.7M capitalized interest); the 7 October 2025 amendment reduced estimated interest to $256M, making the amended total approximately $2.23B. These are versions of the same facility, not two commitments; the current amount is approximate ($1.97B + $256M = $2.226B before rounding). The schema holds a current amount and financial-status history, not historically versioned amounts: an as-of 2024 report must not present $2.23B as the contemporaneous 2024 face amount. Cumulative advances were $435M on 2025-10-20, $867M after 2026-02-24, and $1.209B after 2026-06-03; the $1.209B is not additional finance and is different from the $988.018M accounting carrying value after deferred issuance costs/interest. Original legal borrower Lithium Nevada Corp. is now Lithium Nevada LLC, distinct from its Canadian-listed sponsor Lithium Americas Corp. DOE loan supports lithium-carbonate processing infrastructure (including a sulfuric-acid plant), not open-pit mine development. Q2 2026 supports construction only; no operational production. DOE's 2025 equity warrants, GM equity and private financing are not classified as draws or additional DOE commitments. F4-A amount-history pilot retains original ~$2.26B effective from 2024-10-28. The ~$2.23B amendment was signed on 2025-10-07 subject to conditions and is proven effective no later than first advance on 2025-10-20; the precise transition date within October 7–19 is not evidenced. This is not a draw-history or historical aggregate.
Evidence
Every populated field names the source that states it, how directly, and where.
Thacker Pass — DOE Loan Programs Office project and financial summary
U.S. Department of Energy, Loan Programs Office
- Fields supported
- Instrument · Value role · Capital source · Amount · Provider · Recipient · Project · Facility · Location · Supply-chain stages · Materials
- Evidence level
- Explicit
- Location in document
- Project summary; Financial summary and Loan type
- Qualification
- DOE October 2024 baseline is about $2.26B including capitalized interest. The bank project page has not been updated for the Oct 2025 amendment and is not used as the current amount.
EIS-0561 Thacker Pass loan: DOE processing-facility-only scope and 28 October 2024 decision
U.S. Department of Energy
- Fields supported
- Legal authority · Project · Facility · Location · Supply-chain stages · Materials
- Evidence level
- Explicit
- Location in document
- DOE/EIS-0561 Summary; loan restricted to processing facilities and associated infrastructure, not open-pit mine
- Qualification
- Constrains funded project and single-stage processing attribution.
Lithium Americas, Exhibit 10.11 — 28 October 2024 ATVM Loan Arrangement and Reimbursement Agreement
Lithium Americas Corp. / U.S. Securities and Exchange Commission (EDGAR)
- Fields supported
- Instrument · Value role · Capital source · Provider · Legal authority · Recipient · Project · Status
- Evidence level
- Explicit
- Location in document
- Cover, Preliminary Statements, and agreement parties; 28 October 2024
- Qualification
- Legal contract names DOE and Lithium Nevada Corp. borrower. Contract scope is executed loan arrangement with Federal Financing Bank advance mechanics.
Lithium Americas, Exhibit 10.1 — 7 October 2025 omnibus DOE loan amendment
Lithium Americas Corp. / U.S. Securities and Exchange Commission (EDGAR)
- Fields supported
- Provider · Recipient · Status
- Evidence level
- Explicit
- Location in document
- Opening paragraph: Lithium Nevada LLC (formerly Lithium Nevada Corp.) as Borrower; 7 October 2025 OWCA
- Qualification
- This is an amendment to the 2024 loan, not a separate second loan; corporate name continuity is express.
Lithium Americas Corp., Form 10-Q for the quarter ended 30 June 2026
Lithium Americas Corp. / U.S. Securities and Exchange Commission (EDGAR)
- Fields supported
- Amount · Recipient · Project · Facility · Location · Supply-chain stages · Materials · Status
- Evidence level
- Explicit
- Location in document
- Note 4 — Department of Energy Loan Facility; MD&A pp. 23–28 and 'Borrowings under the DOE ATVM Loan Program'
- Qualification
- Issuer states October 2025 amended expected facility $2.23B and the dates/amounts of all three advances; separately verifies ongoing Phase 1 processing-plant construction.
Lithium Americas Form 8-K — 7 October 2025 DOE amendment subject to conditions
Lithium Americas Corp. / U.S. Securities and Exchange Commission (EDGAR)
- Fields supported
- Amount · Status
- Evidence level
- Explicit
- Location in document
- Form 8-K Item 1.01 and Exhibit 99.1
- Qualification
- Source establishes signed conditional amendment and approximately $2.23B proposed revised total, not October 7 effectiveness.
| Source | Fields supported | Evidence level | Location |
|---|---|---|---|
| Thacker Pass — DOE Loan Programs Office project and financial summary U.S. Department of Energy, Loan Programs Office · Source dossier |
| Explicit DOE October 2024 baseline is about $2.26B including capitalized interest. The bank project page has not been updated for the Oct 2025 amendment and is not used as the current amount. | Project summary; Financial summary and Loan type |
| EIS-0561 Thacker Pass loan: DOE processing-facility-only scope and 28 October 2024 decision U.S. Department of Energy · Source dossier |
| Explicit Constrains funded project and single-stage processing attribution. | DOE/EIS-0561 Summary; loan restricted to processing facilities and associated infrastructure, not open-pit mine |
| Lithium Americas, Exhibit 10.11 — 28 October 2024 ATVM Loan Arrangement and Reimbursement Agreement Lithium Americas Corp. / U.S. Securities and Exchange Commission (EDGAR) · Source dossier |
| Explicit Legal contract names DOE and Lithium Nevada Corp. borrower. Contract scope is executed loan arrangement with Federal Financing Bank advance mechanics. | Cover, Preliminary Statements, and agreement parties; 28 October 2024 |
| Lithium Americas, Exhibit 10.1 — 7 October 2025 omnibus DOE loan amendment Lithium Americas Corp. / U.S. Securities and Exchange Commission (EDGAR) · Source dossier |
| Explicit This is an amendment to the 2024 loan, not a separate second loan; corporate name continuity is express. | Opening paragraph: Lithium Nevada LLC (formerly Lithium Nevada Corp.) as Borrower; 7 October 2025 OWCA |
| Lithium Americas Corp., Form 10-Q for the quarter ended 30 June 2026 Lithium Americas Corp. / U.S. Securities and Exchange Commission (EDGAR) · Source dossier |
| Explicit Issuer states October 2025 amended expected facility $2.23B and the dates/amounts of all three advances; separately verifies ongoing Phase 1 processing-plant construction. | Note 4 — Department of Energy Loan Facility; MD&A pp. 23–28 and 'Borrowings under the DOE ATVM Loan Program' |
| Lithium Americas Form 8-K — 7 October 2025 DOE amendment subject to conditions Lithium Americas Corp. / U.S. Securities and Exchange Commission (EDGAR) · Source dossier |
| Explicit Source establishes signed conditional amendment and approximately $2.23B proposed revised total, not October 7 effectiveness. | Form 8-K Item 1.01 and Exhibit 99.1 |