A staggering discovery on the Oregon-Nevada border has the potential to reshape the future of global energy. Beneath the ancient McDermitt Caldera lies an estimated 40 million metric tons of lithium, a critical resource powering electric vehicles (EVs), renewable energy storage, and a host of other green technologies. Dubbed the “white gold” of the clean energy revolution, lithium has become one of the most sought-after resources in the global push toward sustainability.
For decades, China has dominated the lithium supply chain, controlling over 60% of global production. But with the McDermitt Caldera’s reserves surpassing Bolivia’s Salar de Uyuni, once the world’s largest known deposit, the United States is poised to disrupt the status quo. This discovery, coupled with the ambitious Thacker Pass project, marks the beginning of a new era for American energy independence and leadership in the clean energy revolution.
The Discovery That Changes Everything
The McDermitt Caldera, a 16-million-year-old supervolcano, is more than a geological wonder. Spanning 616 square miles, this dormant giant harbors lithium-rich clay deposits formed from volcanic activity millions of years ago. Recent research has revealed that this caldera could hold up to 40 million metric tons of lithium, dwarfing other reserves worldwide.
This discovery couldn’t have come at a more critical time. The global demand for lithium is projected to soar to 1.5 million metric tons annually by 2028, driven by the rapid adoption of electric vehicles, renewable energy technologies, and consumer electronics. With such a vast domestic reserve, the U.S. now has the opportunity to meet a significant portion of this demand while reducing its reliance on foreign imports.
McDermitt Caldera, Photo by Vlad Chețan on PEXELS.COM The Thacker Pass Project: A Blueprint for the Future
At the heart of America’s lithium ambitions is the Thacker Pass project, a groundbreaking initiative led by Lithium Americas. Located within the McDermitt Caldera, this $2 billion project is supported by a loan from the U.S. Department of Energy and investment from General Motors. Production is set to begin by 2026, with an initial goal of producing 40,000 metric tons of lithium annually—enough to power millions of EVs.
The Thacker Pass project goes beyond traditional mining practices. By adopting advanced technologies designed to minimize environmental impact, it aims to set a new standard for sustainable extraction. From modified panel mining methods to reduced land disruption, the project reflects the growing emphasis on balancing economic development with ecological stewardship.
Challenging China’s Dominance
For years, China has held a commanding position in the global lithium market, leveraging its control of raw materials and processing capabilities to dominate industries like EV manufacturing and battery production. This dominance has made other nations, including the U.S