This is good news.

Today, there is no cathode material production in the US. If LAC were producing lithium chemicals today from TP, those chemicals would have to be shipped to Asia for use in cathode material/cathode production. Establising an entire battery supply chain in the US is important for (and will add value to) LAC. 

https://www.bloomberg.com/news/articles/2021-09-14/a-tesla-co-founder-aims-to-build-an-entire-u-s-battery-industry