Lithium Americas Raises Thacker Pass Cost by $900M, Blames Trump Tariffs

Cointime update: Lithium Americas Corp. raised the construction cost estimate for its flagship Thacker Pass lithium mine in Nevada by nearly $900 million on November 11, citing Trump administration tariffs, higher labor costs and rising logistics expenses. Phase 1 construction is now expected to cost $3.83 billion, up from a prior estimate of $2.93 billion. The project is backed by a $2.3 billion federal loan, which the current administration has sought to convert into equity. Shares hit an all-time low.