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Phase 1 Lithium Americas' own August 2026 results release still targets mechanical completion of Thacker Pass Phase 1 in late 2027, with the full operational ramp-up following during 2028. Energization of the site is targeted for the fourth quarter of 2026. Phase 1 is designed for a nominal 40,000 tonnes a year of battery-quality lithium carbonate Mechanical completion is targeted for late 2027, withcarbonate, from a sedimentary clay deposit in the production rampMcDermitt Caldera in 2028 Humboldt County, Nevada. The project wider resource is backed by put at 13.7 million tonnes of lithium carbonate equivalent. Ownership: Lithium Americas holds 62% of the Thacker Pass joint venture and General Motors 38%, after GM invested $320 million in 2023 and a further $625 million in 2024. Reports say the US Department of Energy took a 5% stake in October 2025. Money: the DOE loan of about for Phase 1 totals $2.23 billion, with a third advance of $342 million received on 3 June 2026 bringing cumulative advances to $1.209 billion. About $1.8 billion It sits had been capitalized by 30 June 2026 against a $2.93 billion estimate, up from $2.27 billion earlier; a definitive estimate that adds items such as tariffs was due at the end of the third quarter of 2026. On site, engineering was over 95% complete and procurement over 80%, with more than 1,600 workers and over 2,000 expected by year-end, many living at the Winnemucca Workforce Hub. The project was approved by the BLM in January 2021 and survived several lawsuits; construction began in 2023. Some tribes oppose it as a sacred site, while the Fort McDermitt Caldera in Humboldt County, northern NevadaPaiute and Shoshone Tribe signed a community benefits agreement in 2022.