Record of Decision: Issuance of a Loan to Lithium Nevada Corp. for the Construction and Startup of the Thacker Pass Project

Résumé

The U.S. Department of Energy (DOE or the Department) announces its decision to issue a loan under the Energy Independence and Security Act of 2007, which established the Advanced Technology Vehicles Manufacturing Loan (ATVM) program, to Lithium Nevada Corp. (LNC), for the Thacker Pass Project (Project) located in Humboldt County, Nevada. The LPO loan covers Phase 1 of the Project, which entails the construction of lithium processing to include a sulfuric acid plant, lithium processing facility, and associated infrastructure. The Project is designed to produce battery-grade lithium carbonate, a critical component in the manufacturing of manufacture of eligible advanced technology vehicles and qualifying components.