Mayer Brown acted as legal counsel to General Motors Holdings LLC (GM) in connection with its joint venture with Lithium Americas Corp. to establish a joint venture for the purpose of funding, developing, constructing, and operating Thacker Pass in Humboldt County, Nevada. The transaction will deliver $625 million of cash and letters of credit from GM to Thacker Pass alongside the conditional commitment for a $2.3 billion US Department of Energy loan announced earlier this year.
The Mayer Brown team was led by partners Nina Flax and Pete Wolf and was supported by partner Jennifer Zepralka and associates Thomas Wu and Mitchell Carlson.
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