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Lithium Americas Corp (LAC) Taps CB&I for Thacker Pass Project Development

Lithium Americas Corp. (NYSE:LAC) is one of the top lithium stocks to buy now. On August 21, the company’s subsidiary, Lithium Nevada, awarded CB&I a large contract for procurement, fabrication, and construction.

Under the terms of the agreement, CB&I is to install 36 flat-bottom atmospheric tanks at the Thacker Pass project. The atmospheric storage tanks are designed to store various process solutions, chemicals, and products used in multiple stages of lithium extraction from clay deposits.

“CB&I’s expertise in large-scale storage infrastructure for complex industrial processes that require precise specifications and reliability makes them a great fit for Thacker Pass,” said Richard Gerspacher, Lithium Americas Executive Vice President and Capital Projects. “CB&I’s proven track record, global expertise, and experience with industrial storage solutions make them an ideal partner for this critical infrastructure component to support North America’s largest lithium mining project.”

Lithium America is intensifying its development of the project to meet the growing demand for lithium required to power batteries.

Lithium Americas Corp. (NYSE:LAC) is an exploration and mining company developing the Thacker Pass project, which is the world’s largest lithium mine. The project is positioned to supply battery-quality lithium carbonate for the electric vehicle and energy storage markets.

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READ NEXT: 10 Cheap Blue Chip Stocks to Invest in Now and 10 Best Robinhood Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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