Latest news with #JonathanEvans
National Post
15-05-2025
- Automotive
- National Post
Lithium Americas Reports First Quarter 2025 Results
Article content VANCOUVER, British Columbia — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (' Lithium Americas ' or the ' Company ') announced that it has filed its Quarterly Report on Form 10-Q, which includes the Company's consolidated interim financial statements (' Financials ') for the three months ended March 31, 2025 (' Q1 2025 '), and provided an update on its Thacker Pass lithium project in Humboldt County, Nevada (' Thacker Pass ' or the ' Project '). Article content Jonathan Evans, President and Chief Executive Officer of Lithium Americas said, 'Major construction has commenced at Thacker Pass and the first significant construction milestone was achieved the first week of May 2025 with the initial placement of permanent concrete in the processing plant area. The site has undergone transformational change over the past year and there is excitement amongst our stakeholders and partners as we build one of North Americas largest lithium operations.' Article content As of March 31, 2025, the Company had approximately $446.9 million in cash and restricted cash. During the quarter ended March 31, 2025, $78.2 million of construction capital costs and other project-related costs were capitalized. Subsequent to Q1 2025 on April 1, 2025, the Company closed the previously announced strategic investment of $250 million from fund entities managed by Orion Resource Partners LP (collectively, ' Orion '), for the development and construction of Phase 1 of Thacker Pass (' Orion Investment '). With the Orion Investment, Lithium Americas has achieved fully funded status for the development of Phase 1 of Thacker Pass at the project and corporate level for the duration of construction. Contemporaneously with closing the Orion Investment on April 1, 2025, the Company and General Motors Holdings LLC (' GM ') announced the final investment decision (' FID ') for construction of Phase 1 of Thacker Pass. On declaring FID, GM and Lithium Americas contributed $100 million and $191.6 million in cash to the joint venture between GM and the Company (the ' JV '), respectively. The Company currently expects to make the first draw on the previously announced $2.26 billion loan from the U.S. Department of Energy (the ' DOE Loan ') sometime in the third quarter of 2025 (' Q3 2025 '). Article content Completion of Phase 1 of Thacker Pass is targeted for late 2027. Project engineering and procurement continue in line with the project schedule to support construction. Major construction has begun at Thacker Pass, with earthworks almost complete and permanent concrete placement in the processing plant area commenced in early May 2025. As of March 31, 2025, detailed engineering was over 60% design complete and expected to increase to over 90% design complete by year end 2025. The higher level of detailed engineering at the early stages of construction helps de-risks execution in terms of project schedule and cost. In April 2025, fabrication of the structural steel to be used to build the facilities at Thacker Pass commenced. First steel installation is targeted to commence in September 2025. Manufacturing of all long-lead equipment awarded continues to advance with expected delivery in line with the project schedule. During Q1 2025, the first modular housing units were installed at the workforce hub, the Company's all-inclusive housing facility for construction workers in Winnemucca (the ' Workforce Hub '). First occupancy of the Workforce Hub is targeted for the second half of 2025. The Company recently submitted a Plan of Operations to the Bureau of Land Management to build a limestone quarry named Western Quarry, approximately one hour drive from Thacker Pass via national and state highways. Western Quarry is being planned as a source of local, lower cost limestone, a reagent used in the Thacker Pass processing flowsheet to produce battery-quality lithium carbonate. Article content Mr. Evans added, 'The Company continues to review its potential exposure to the fluid tariff announcements. Our teams are working toward limiting the effect of any potential tariff or trade disputes on our construction supply chain. Approximately 75% of the Company's total capital project cost structure relates to labor, contractors and other services which are not expected to be directly affected by any of the potential tariffs or trade disputes.' Article content The scientific and technical information in this news release has been reviewed and approved by Rene LeBlanc, PhD, SME, Vice President, Growth and Product Strategy of the Company, and a 'qualified person' as defined under National Instrument 43-101 and Subpart 1300 of Regulation S-K under the United States Securities Act of 1933, as amended. Article content During Q1 2025, net loss increased due to higher general and administrative expenses reflecting continuing transition to domestic filer status, increased reporting obligations under the DOE Loan and higher transaction costs reflecting increased financing activities that concluded with the Orion Investment. Article content During Q1 2025, total assets decreased reflecting the use of cash for payment of transaction costs and other payables accrued at December 31, 2024. Article content This news release should be read in conjunction with the Company's Quarterly Report on Form 10-Q for the three months ended March 31, 2025, available on the Company's issuer profile on EDGAR at SEDAR+ at and on the Company's website at Article content Lithium Americas is committed to responsibly developing the Thacker Pass project located in Humboldt County in northern Nevada, which hosts the largest known measured lithium resource (Measured and Indicated) and reserve (Proven and Probable) in the world. Thacker Pass is owned by a JV between Lithium Americas (holding a 62% interest and is the manager of the Project), and GM (holding a 38% interest). The Company is focused on advancing Phase 1 of Thacker Pass toward production, targeting nominal design capacity of 40,000 t/y of battery-quality lithium carbonate. The Company and its engineering, procurement and construction management contractor, Bechtel, entered into a National Construction Agreement (Project Labor Agreement) with North America's Building Trades Unions for construction of Thacker Pass. The three-year construction build is expected to create nearly 2,000 direct jobs, including 1,800 skilled contractors. Lithium Americas' shares are listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol LAC. To learn more, visit or follow @LithiumAmericas on social media. Article content This news release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation, and 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively referred to as ' forward-looking statements ' or ' FLS '). All statements, other than statements of historical fact, are FLS and can be identified by the use of statements that include, but are not limited to, words, such as 'anticipate,' 'plan,' 'continue,' 'estimate,' 'expect,' 'may,' 'will,' 'project,' 'predict,' 'propose,' 'potential,' 'target,' 'implement,' 'schedule,' 'forecast,' 'intend,' 'would,' 'could,' 'might,' 'should,' 'believe' and similar terminology, or statements that certain actions, events or results 'may,' 'could,' 'would,' 'might' or 'will' be taken, occur or be achieved. FLS in this news release includes, but is not limited to: statements relating to the anticipated sources and uses of funds to complete project financing, statements relating to the JV, the DOE Loan and the Orion Investment, including statements regarding satisfaction of draw-down conditions on the DOE Loan and expected timing for first draw-down on the DOE Loan; expectations and timing on the commencement of major construction and first production; project de-risking initiatives and the extent to which work to date has de-risked project execution; the expected operations, financial results and condition of the Company; the Company's future objectives and strategies to achieve those objectives, including the future prospects of the Company; the estimated cash flow, capitalization and adequacy thereof for the Company; the estimated costs of the development of Thacker Pass, including timing, progress, approach, continuity or change in plans, construction, commissioning, milestones, anticipated production and results thereof and expansion plans; cost and expected benefits of the transloading terminal; anticipated timing to resolve, and the expected outcome of, any complaints or claims made or that could be made concerning the permitting process in the United States for Thacker Pass; the timely completion of environmental reviews and related consultations, and receipt or issuance of permits and approvals, in the United States for the Company's development and resultant operations; capital expenditures and programs; estimates, and any change in estimates, of the mineral resources and mineral reserves at Thacker Pass; development of mineral resources and mineral reserves; the realization of mineral resources and mineral reserves estimates, including whether certain mineral resources will ever be developed into mineral reserves, and information and underlying assumptions related thereto; government regulation of mining operations and treatment under governmental and taxation regimes; the future price of commodities, including lithium; the creation of a battery supply chain in the United States to support the electric vehicle market; the timing and amount of future production, currency exchange and interest rates; the Company's ability to raise capital; expected expenditures to be made by the Company on Thacker Pass; statements relating to revised capital cost estimates; ability to produce high purity battery grade lithium products; settlement of agreements related to the operation and sale of mineral production as well as contracts in respect of operations and inputs required in the course of production; the timing, cost, quantity, capacity and product quality of production at Thacker Pass; successful development of Thacker Pass, including successful results from the Company's testing facility and third-party tests related thereto; statements with respect to the expected economics of Thacker Pass, including capital costs, operating costs, sustaining capital requirements, after tax net present value and internal rate of return, pricing assumptions, payback period, sensitivity analyses, net cash flows and life of mine; anticipated job creation and the completion of the Workforce Hub; the expectation that the National Construction Agreement (Project Labor Agreement) with North America's Building Trades Unions for construction of Phase 1 of Thacker Pass will minimize construction risk, ensure availability of skilled labor, address the challenges associated with Thacker Pass' remote location and be effective in prioritizing employment of local and regional skilled craft workers, including members of underrepresented communities; the expected workforce development training program being prepared with Great Basin College; the Company's commitment to sustainable development, minimizing the environmental impact at Thacker Pass and plans for phased reclamation during the life of mine including use benefits of growth media; ability to achieve capital cost efficiencies; as well as other statements with respect to management's beliefs, plans, estimates and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Article content FLS involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. FLS reflects the Company's current views about future events, and while considered reasonable by the Company as of the date of this news release, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions and other factors upon which such FLS is based include, without limitation: expectations regarding Phase 2 of Thacker Pass, including financing; the ability of Lithium Nevada LLC (' LN ') to draw-down on the DOE Loan on the anticipated timeline, or at all, and the absence of material adverse events affecting the Company during the construction of the Project; the ability of LN to satisfy all draw-down conditions for the DOE Loan in a timely manner; the ability of the Company to perform conditions and meet expectations regarding the Company's financial resources and future prospects; the ability to meet future objectives and priorities; a cordial business relationship between the Company and third party strategic and contractual partners; unforeseen technological and engineering problems; changes in general economic and geopolitical conditions, including as a result of regulatory changes by the current presidential administration and potential changes in United States trade policy, including the imposition of tariffs, import or export restrictions, or other trade barriers or retaliatory measures by foreign or domestic governments and the resulting consequences on, among other things, the extractive resource industry, the green energy transition and the electric vehicle market; uncertainties inherent to feasibility studies in the NI 43-101 Technical Report and S-K 1300 Technical Report and mineral resource and mineral reserve estimates; the mine processing facilities, based on the results of the testing facility and third-party tests, performing as expected; the ability of the Company to secure sufficient additional financing, advance and develop Thacker Pass, and to produce battery grade lithium; the respective benefits and impacts of Thacker Pass when production operations commence; settlement of agreements related to the operation and sale of mineral production as well as contracts in respect of operations and inputs required in the course of production; the Company's ability to operate in a safe and effective manner, and without material adverse impact from the effects of climate change or severe weather conditions; uncertainties relating to receiving and maintaining mining, exploration, environmental and other permits or approvals in Nevada; demand for lithium, including that such demand is supported by growth in the electric vehicle market and lithium-ion battery market; current technological trends; the impact of increasing competition in the lithium business, and the Company's competitive position in the industry; continuing support of local communities and the Fort McDermitt Paiute and the Shoshone Tribe in relation to Thacker Pass, and continuing constructive engagement with these and other stakeholders, including any expected benefits of such engagement; risks related to cost, funding and regulatory authorizations to develop the Workforce Hub; the stable and supportive legislative, regulatory and community environment in the jurisdictions where the Company operates; impacts of inflation, deflation, currency exchange rates, interest rates and other general economic and stock market conditions; the impact of unknown financial contingencies, including litigation costs, environmental compliance costs and costs associated with the impacts of climate change, on the Company's operations; increased attention to environmental, social, governance and safety and sustainability-related matters; risks related to the Company's public statements with respect to such matters that may be subject to heightened scrutiny from public and governmental authorities related to the risk of potential 'greenwashing,' (i.e., misleading information or false claims overstating potential sustainability-related benefits); risks that the Company may face regarding potentially conflicting initiatives from certain U.S. state or other governments; estimates of and unpredictable changes to the market prices for lithium products; development and construction costs for Thacker Pass, and costs for any additional exploration work at the Project; estimates of mineral resources and mineral reserves, including whether mineral resources not included in mineral reserves will be further developed into mineral reserves; some of the modifying factors used to convert mineral resources to mineral reserves may change materially, and could materially impact the mineral reserve estimate; reliability of technical data; anticipated timing and results of exploration, development and construction activities, including the impact of ongoing supply chain disruptions and availability of equipment and supplies on such timing; timely responses from governmental agencies responsible for reviewing and considering the Company's permitting activities at Thacker Pass; availability of technology, including low carbon energy sources and water rights, on acceptable terms to advance Thacker Pass; government regulation of mining operations and mergers and acquisitions activity, and treatment under governmental, regulatory and taxation regimes; ability to realize expected benefits from investments in or partnerships with third parties; accuracy of development budgets and construction estimates; that the Company will meet its future objectives and priorities; that the Company will have access to adequate capital to fund its future projects and plans; that such future projects and plans will proceed as anticipated; compliance by LN and GM with terms of the JV agreements and the ability of LN and GM to fund their share of funding obligations for Thacker Pass; the lack of any material disputes or disagreements between LN and GM; the regulation of the mining industry by various governmental agencies; as well as assumptions concerning general economic and industry growth rates, commodity prices, resource estimates, currency exchange and interest rates and competitive conditions. Although the Company believes that the assumptions and expectations reflected in such FLS are reasonable, the Company can give no assurance that these assumptions and expectations will prove to be correct. Article content Readers are cautioned that the foregoing lists of factors are not exhaustive. There can be no assurance that FLS will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. As such, readers are cautioned not to place undue reliance on this information, and that this information may not be appropriate for any other purpose, including investment purposes. The Company's actual results could differ materially from those anticipated in any FLS as a result of the risk factors set out herein, and in the Company's other continuous disclosure documents available on SEDAR+ at and EDGAR at Readers are further cautioned to review the full description of risks, uncertainties and management's assumptions in the aforementioned documents and other disclosure documents available on SEDAR+ and on EDGAR. Article content Article content Article content Article content Contacts Article content Article content Article content
Yahoo
02-04-2025
- Automotive
- Yahoo
Lithium Americas reaches final investment decision for Thacker Pass mine
(Reuters) - Lithium Americas said on Tuesday it has reached a final investment decision (FID) for constructing the first phase of the Thacker Pass lithium mine in Nevada. The Thacker Pass project is a joint venture between Lithium Americas and U.S. automaker General Motors. Phase 1 of the project is expected to be completed in late 2027. "Together, we will develop a U.S.-produced lithium supply chain to reduce American dependence on foreign suppliers for critical minerals," said Lithium Americas CEO Jonathan Evans. Vancouver-based Lithium Americas and General Motors, have each contributed an additional $192 million and $100 million, respectively, in cash to the JV, allowing it to achieve a fully funded status for the development of the project's first phase. Last year, the U.S. Department of Energy finalized a $2.26 billion loan for Lithium Americas to build the project. The company also had access to $650 million from its JV with General Motors. Once open, Thacker Pass is expected to produce 40,000 metric tons of battery-quality lithium carbonate per year in its first phase, enough for up to 800,000 electric vehicles. Sign in to access your portfolio
Yahoo
02-04-2025
- Business
- Yahoo
Lithium Americas Announce FID for Thacker Pass Phase 1 and Closes Strategic Investment from Orion Resource Partners
(All amounts in US$ unless otherwise indicated) VANCOUVER, British Columbia, April 01, 2025--(BUSINESS WIRE)--Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") today announced the closing of the previously announced $250 million investment from fund entities managed by Orion Resource Partners LP (collectively, "Orion"), for the development and construction of Phase 11 of the Thacker Pass lithium project in Humboldt County, Nevada ("Thacker Pass" or the "Project"). Contemporaneously, Lithium Americas and General Motors Holdings LLC ("GM") (together, the Thacker Pass joint venture ("JV") partners ("JV Partners")) announced the final investment decision ("FID") for Thacker Pass Phase 1. HIGHLIGHTS As part of closing, Orion has purchased senior unsecured convertible notes in the aggregate principal amount of $195 million, has paid Lithium Americas $25 million in exchange for payments corresponding to the minerals produced and gross revenue generated by Thacker Pass and committed an additional $30 million in aggregate principal amount of senior unsecured convertible notes available through a delayed draw facility, subject to the satisfaction of certain conditions (the "Investment"). The Investment satisfies all remaining requirements from both the U.S. Department of Energy ("DOE") and GM to satisfy all remaining equity capital fundraising requirements under the previously announced $2.26 billion loan from the DOE (the "DOE Loan"). With the Investment, Lithium Americas has achieved fully funded status for the development of Phase 1 of Thacker Pass at the project and corporate level for the duration of construction. The JV Partners announced FID for construction of Phase 1 of Thacker Pass. Completion of Phase 1 of Thacker Pass is targeted for late 2027. Contemporaneously with FID, GM and Lithium Americas contributed $100 million and $192 million in cash to the JV, respectively. Jonathan Evans, Lithium Americas' President and CEO said, "Today marks another important milestone in our journey to bring Thacker Pass to production. With our JV Partner, GM, we announced FID for Phase 1 alongside our other exceptional partners – the U.S. DOE and Orion. Together, we will develop a U.S.-produced lithium supply chain to reduce American dependence on foreign suppliers for critical minerals." ADVISORS Evercore Group L.L.C. and Goldman Sachs & Co. LLC are acting as joint lead placement agents for Lithium Americas, and Vinson & Elkins LLP and Cassels Brock & Blackwell LLP are acting as legal counsel to Lithium Americas. Torys LLP and Davis Graham & Stubbs LLP are acting as legal counsel to Orion Resource Partners. ABOUT LITHIUM AMERICAS Lithium Americas is committed to responsibly developing the Thacker Pass project located in Humboldt County in northern Nevada, which hosts the largest known measured lithium resource (Measured and Indicated) and reserve (Proven and Probable) in the world. Thacker Pass is owned by a JV between Lithium Americas (holding a 62% interest and is the manager of the Project) and GM (holding a 38% interest). The Company is focused on advancing Thacker Pass Phase 1 toward production, targeting nominal design capacity of 40,000 t/y of battery-quality lithium carbonate. The Company and its engineering, procurement and construction management contractor, Bechtel, entered into a National Construction Agreement (Project Labor Agreement) with North America's Building Trades Unions for construction of Thacker Pass. The three-year construction build is expected to create nearly 2,000 direct jobs, including 1,800 skilled contractors. Lithium Americas' shares are listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol LAC. To learn more, visit or follow @LithiumAmericas on social media. QUALIFIED PERSON The scientific and technical information contained in this news release has been derived from the technical report entitled "NI 43-101 Technical Report on the Thacker Pass Project Humboldt County, Nevada, USA," dated effective December 31, 2024. The disclosure herein has been reviewed and approved by Dr. Rene LeBlanc, RM-SME, Vice President, Growth and Product Strategy of the Company, a Qualified Person as defined under National Instrument 43-101. The technical report is available under the Company's profile on SEDAR+, in the S-K 1300 Technical Report which is available under the Company's profile on EDGAR at and both reports are available on the Company's website. FORWARD-LOOKING INFORMATION This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, and "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (collectively referred to as "forward-looking information" ("FLI")). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include, but are not limited to, words, such as "anticipate," "plan," "continues," "estimate," "expect," "may," "will," "projects," "predict," "proposes," "potential," "target," "implement," "scheduled," "forecast," "intend," "would," "could," "might," "should," "believe" and similar terminology, or statements that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved. FLI in this news release includes, but is not limited to, expectations regarding satisfaction of draw-down conditions for the DOE Loan; the timing of first draw on the DOE Loan; expectation about the extent that the JV, DOE Loan, the Investment and cash on hand would fund the development and construction of Thacker Pass; expectations and timing on the commencement of major construction and first production; project de-risking initiatives; expectations related to the construction build, job creation and nameplate capacity of the Project as well as other statements with respect to the Company's future objectives and strategies to achieve these objectives, and management's beliefs, plans, estimates and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. FLI reflects the Company's current views about future events, and while considered reasonable by the Company as of the date of this news release, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation, the absence of material adverse events affecting the Company during the construction of the Project; the ability of the Company to satisfy all draw-down conditions under the DOE Loan; expectations regarding the Company's financial resources and future prospects; the ability to meet future objectives and priorities; a cordial business relationship between the Company and third party strategic and contractual partners; general business and economic uncertainties and adverse market conditions; the availability of equipment and facilities necessary to complete development and construction at the Project; unforeseen technological and engineering problems; political factors, including the impact of the results of the 2024 U.S. presidential election on, among other things, the extractive resource industry, the green energy transition and the electric vehicle market; uncertainties inherent to feasibility studies and mineral resource and mineral reserve estimates; uncertainties relating to receiving and maintaining mining, exploration, environmental and other permits or approvals in Nevada; demand for lithium, including that such demand is supported by growth in the electric vehicle market; current technological trends; the impact of increasing competition in the lithium business, and the Company's competitive position in the industry; compliance by joint venture partners with terms of agreements; the regulation of the mining industry by various governmental agencies; as well as assumptions concerning general economic and industry growth rates, commodity prices, resource estimates, currency exchange and interest rates and competitive conditions. Although the Company believes that the assumptions and expectations reflected in such FLI are reasonable, the Company can give no assurance that these assumptions and expectations will prove to be correct. Readers are cautioned that the foregoing lists of factors are not exhaustive. There can be no assurance that FLI will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. As such, readers are cautioned not to place undue reliance on this information, and that this information may not be appropriate for any other purpose, including investment purposes. The Company's actual results could differ materially from those anticipated in any FLI as a result of the risk factors set out herein and in the Company's filings with securities regulators. The FLI contained in this news release is expressly qualified by these cautionary statements. All FLI in this news release speaks as of the date of this news release. The Company does not undertake any obligation to update or revise any FLI, whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is contained in the Company's filings with securities regulators, including the Company's most recent Annual Report on Form 10-K and most recent management's discussion and analysis for our most recently completed financial year and, if applicable, interim financial period, which are available on EDGAR at and SEDAR+ at All FLI contained in this news release is expressly qualified by the risk factors set out in the aforementioned documents. The Company is relying upon the exemption set forth in Section 602.1 of the Toronto Stock Exchange ("TSX") Company Manual, which provides that the TSX will not apply its standards to certain transactions involving eligible interlisted issuers on a recognized exchange. ____________________ 1 Phase 1 is the initial phase of production at Thacker Pass, targeting 40,000 tonnes per year ("t/y") of battery-grade lithium carbonate. View source version on Contacts INVESTOR CONTACT Virginia Morgan, VP, IR and ESG+1-778-726-4070ir@
Reuters
01-04-2025
- Automotive
- Reuters
Lithium Americas reaches final investment decision for Thacker Pass mine
April 1 (Reuters) - Lithium Americas ( opens new tab said on Tuesday it has reached a final investment decision (FID) for constructing the first phase of the Thacker Pass lithium mine in Nevada. The Thacker Pass project is a joint venture between Lithium Americas and U.S. automaker General Motors (GM.N), opens new tab. Phase 1 of the project is expected to be completed in late 2027. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. "Together, we will develop a U.S.-produced lithium supply chain to reduce American dependence on foreign suppliers for critical minerals," said Lithium Americas CEO Jonathan Evans. Vancouver-based Lithium Americas and General Motors, have each contributed an additional $192 million and $100 million, respectively, in cash to the JV, allowing it to achieve a fully funded status for the development of the project's first phase. Last year, the U.S. Department of Energy finalized a $2.26 billion loan for Lithium Americas to build the project. The company also had access to $650 million from its JV with General Motors. Once open, Thacker Pass is expected to produce 40,000 metric tons of battery-quality lithium carbonate per year in its first phase, enough for up to 800,000 electric vehicles.
Yahoo
29-03-2025
- Lifestyle
- Yahoo
11 Casual Hiking Sneaker You Can Wear Whenever You Want
"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." Wearing waterproof, grippy hiking sneakers for rainy days has been my long-term shoe hack. I'll wear a rain boot if I must. That's to say I'll do it if it's coming down hard, and I need protection as high up as it can go. I'll wear a snow boot when it's actually snowing and a hiking boot when I'm actually hiking. But if I'm just going to work? Grabbing lunch? Want to wear a normal outfit and shoes? A sneaker built for tougher terrain is where it's at. I invite you to do the same. Thanks to the cultural movement gorpcore (it's not dead TikTok and high-fashion just moved on), brands are making hiking sneakers that look cool in urban environments. Salomon's XT-6 were the original example. But now you have the Adidas Terrex line, an new model from Arc'teryx, and all sorts of cottage outdoors-fashion options. No matter where you pick from, one of these 11 best hiking sneakers will serve you outdoor Terrex line made this Skychaser, a lightweight, low-profile sneaker that you can be certain we'd wear with a hoodie and favorite pair of wider leg pants on a rainy day. The GORE-TEX membrane won't steer you wrong in terms of moisture repellancy. $160.00 at fashion eyes have been Arc'teryx lately, but the brand keeps its head down and does what it does best: great outdoor gear. These sneakers are more streamlined than a lot of outdoor sneakers tend to be, with lower cushioning and a snug-fitting upper. $170.00 at Pegasus sneaker is a favorite for all types of runners, and the Gore-Tex version is great for running in wet weather as well as just walking in it. These are a favorite for rainy day athleisure outfits. $170.00 at Stinson brings that beloved Hoka cushion into a sneaker that has a ton of grip, thanks to the multi-directional lugs. They have a great balance of softness and traction, though they aren't waterproof. $170.00 at someone asks for a stylish hiking anything, I'm sending them to Diemme. These are a sneaker-y version of the brand's classic boot, done up in a wax-coated, water-resistant leather. If the traditional hiking sneaker is too casual for you, this is an excellent upgrade. $470.00 at XT-6 just keeps on delivering. They're lightweight, waterproof, and have an easy quick-lace design. "The XT-6 is built for performance, sure, but it also happens to be built to downright electrify your vibe," says our style director, Jonathan Evans. "Taken out of the context of trail running, it becomes a piece that can work with any fit, whether your personal style leans more low-key (try it with washed-out jeans, a boxy tee, and a light jacket for an advanced riff on normcore) or more fashion-forward (cropped black trousers, a crisp white shirt, and an oversized black blazer sounds just right)." $180.00 at Trailgrip sneaker is the absolute pinnacle of function and fashion. They are actually quite functional, with a dramatic, lugged Vibram outsole and water-repellent mesh. But the chunky design and suede strips are signature Moncler. $750.00 at Cloudrock sneakers are super comfortable and totally waterproof. They're great for wearing to the gym, on errands, or actually on a trail. We particularly like the protective toe cap and TPU mudguard. $179.99 at North Face's Glenclyffe sneaker is a great alternative to other hype-y, gorpcore shoes. These are stylish with the contrasting protective mudguard but they have flown mostly under the radar. $135.00 at I were to buy a single casual hiking sneaker and not want to buy another for years to come, it'd be Canada Goose's Glacier. The brand has a minimal shoe department, but we like what they make. These are virtually indestructible: waterproof, treaded rubber outsole, cord-lock drawstring. They're breathable enough to wear year round but, like any Canada Goose item, can most certainly survive winter, ice, and snow. $450.00 at the true trail sneakers just aren't hitting for you, we love Danner's low shoes as a kind of sneaker-boot hybrid. They are super comfortable, durable, and feel more substantial than something like a waterproof running sneaker. Of course, if you're looking for a boot boot, the Danner Mountain Light is an ongoing favorite. $140.00 at You Might Also Like Kid Cudi Is All Right 16 Best Shoe Organizers For Storing and Displaying Your Kicks
