Lithium Americas Corp. (NYSE:LAC) is considered one of the best green energy penny stocks to buy, with BMO Capital reiterating a ‘Market Perform’ rating and $3.50 price target on June 20. The Thacker Pass Project progress remains on track, boosting long-term prospects.

Labor requirements are a key risk factor in the early stages of developing the large lithium mining and processing operation in Nevada. Staffing needs to increase for Lithium Americas to accelerate the Thacker Pass Project development.

Lithium Americas is optimistic about securing its first Department of Energy load drawdown in the third quarter through its partnership with General Motors. This drawdown is expected to enhance the company’s financial position and provide capital for the Thacker Pass Project.

Focused on the Thacker Pass project in Nevada, Lithium Americas aims to produce battery-grade lithium carbonate for a domestic supply chain. The company is dedicated to the development of this project to contribute to the green energy sector.

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Read more at Yahoo Finance: BMO Capital Affirms Market Perform on Lithium Americas (LAC) amid Thacker Pass Project Progress