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Lithium Americas soars nearly 80% as Trump administration seeks equity stake in Canadian miner
The Trump administration seeks a small equity stake in Lithium Americas during $2.2 billion loan renegotiation to reduce taxpayer risk, with shares rising about 70%.
- Wednesday, Lithium Americas' shares surged about 70% premarket after Reuters reported the White House is seeking an equity stake in the Vancouver-based mining company.
- Renegotiation of a $2.2 billion DOE loan prompted discussions after Lithium Americas missed conditions for Thacker Pass's first disbursement, with repayment timing pushed to later years.
- The Vancouver-based miner's flagship Thacker Pass project in northern Nevada is expected to become one of North America's largest lithium sources when operational.
- No deal is finalized, but officials say talks are positive as the Trump administration supports Lithium Americas and seeks a `very small` equity stake to reduce taxpayer risk.
- The move follows a broader White House push into the mineral supply chain, with Interior Secretary Doug Burgum revealing the administration considered equity stakes to counter China.
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Lithium Americas soars on report Trump administration seeking equity stake
U.S.-listed shares of Lithium Americas surged more than 70% in premarket trading on Wednesday after a report said the Trump administration was seeking an equity stake of up to 10% in the miner, the latest sign of involvement in industries the government sees as critical to national security.
·United Kingdom
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Lithium Americas skyrockets as Trump administration reportedly seeks equity stake
The Trump administration is seeking an equity stake of up to 10% in Lithium Americas as it renegotiates terms of the company's Department of Energy loan for its Thacker Pass lithium project.
·United States
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Coverage Details
Total News Sources13
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
Factuality
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