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U.S. Department of Energy Buys 5% of Lithium Americas
- The U.S. Department of Energy has acquired a 5% stake in Lithium Americas, which includes a stake in a joint venture with GM, enabling a loan of $435 million.
- The Trump administration stated that these moves are crucial for national security and reducing U.S. dependence on Chinese materials.
- Lithium Americas was founded in 2023 in Canada and holds a permit for lithium mining at Thacker Pass in Nevada.
- The Thacker Pass project aims to lessen U.S. reliance on imported lithium and supports manufacturing in various industries.
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U.S. Department of Energy buys 5% of Lithium Americas
The Center Square) - The U.S. Department of Energy settled government takeover reports of Lithium Americas Corp., announcing a 5% ownership of the $1.5 billion mining company.
·Cherokee County, United States
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Lithium Americas secures $2.23B gov’t loan for 5% stake in firm, JV
Lithium Americas (TSX: LAC) said it reached a non-binding agreement with the Department of Energy and JV partner General Motors to advance a $435 million first draw in Q4 2025 from the DOE loan for Thacker Pass. Alongside this, the agreement includes deference of $182 million of debt service over five years and grant the DOE a 5% company stake via penny-warrants plus a 5% economic interest in the joint venture. The company said the total DOE loa…
Coverage Details
Total News Sources36
Leaning Left6Leaning Right9Center4Last UpdatedBias Distribution47% Right
Bias Distribution
- 47% of the sources lean Right
47% Right
L 32%
C 21%
R 47%
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