US EditionTrump Administration Seeks 10% Stake in Lithium Americas
The Trump administration demands up to 10% equity and greater oversight in Lithium Americas amid concerns over loan repayment and Chinese lithium market dominance.
- The Trump administration is seeking a 10% stake in Lithium Americas as it aims to intervene in industries deemed critical to national security.
- Lithium Americas has agreed to negotiate a stake of less than 10% while also renegotiating a $2.26 billion loan from the Department of Energy.
- Stock for Lithium Americas surged nearly 99% in one day following the news, reaching a high of $6.25 per share.
- The company is developing the Thacker Pass lithium project in Nevada, which is expected to produce 40,000 tons per year of battery-quality lithium carbonate.
57 Articles
57 Articles
Uncle Sam Weighs Investment in Canadian Lithium Miner
New York-listed shares of Lithium Americas essentially doubled on Wednesday, rising more than 95% to close at $6. The Vancouver-based mining firm, which is developing the massive Thacker Pass Lithium Mine in northern Nevada, had the White House to thank. That’s because the Trump administration is eyeing a US government equity stake of up to 10% in the Canadian miner, as part of a renegotiated, $2.2 billion Department of Energy loan. The cross-bo…
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Lithium Americas shares surge over possible U.S. government equity stake
VANCOUVER — Shares in Lithium Americas Corp. almost doubled in price Wednesday after it said it's in talks with the U.S. Department of Energy about drawing on its US$2.26-billion loan from the U.S. government.
Trump administration eyes government stake as it renegotiates loan for lithium project: Official
The Trump administration is seeking a stake for the federal government as it renegotiates the terms of a loan for a major lithium project issued under the Biden administration, an official told The Hill on Wednesday. The Trump administration is seeking an equity stake in the deal, the official said. They described the stake the government was seeking as very small and added that discussions on the specifics are ongoing. The Biden administration…
U.S. Government Eyes 10% Share in Lithium Giant
The Trump administration is looking to take some equity ownership of another large publicly traded company. The decision comes after the administration began re-evaluating a $2.3 billion loan approved by President Biden for the development of a Nevada lithium deposit. As Bloomberg reports, the record-high loan to Lithium Americas Corp., finalized in 2024, would have provided most of the capital for the construction of a processing plant adjacent…
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