Shares of Lithium Americas (LAC) stock surged on news of a major
lithium deposit
discovery.
The deposit is located in the
Thacker Pass region
, which is already home to several other lithium projects.
Lithium Americas
is a Canadian mining company that is developing the Thacker Pass project.
The company has a
market capitalization
of around $3 billion.
The discovery of the new
lithium deposit could significantly increase the value of Lithium Americas.
The company's
stock price
has risen by more than 500% in the past year.
The
demand for lithium
is expected to grow significantly in the coming years.
The discovery of the
new lithium deposit in Nevada
is a major positive development for the lithium industry.