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.
- Lithium Americas Corp. reported talks with the U.S. Department of Energy about a US$2.26-billion loan, as its shares surged by about 80% to C$7.65 in early trading on the Toronto Stock Exchange.
- The company is negotiating with the U.S. Department of Energy about loan draw conditions and additional requests for terms.
- Lithium Americas is managing the Thacker Pass lithium project in Nevada, holding a 62% stake, while General Motors owns a 38% interest.
- The news was first published by The Canadian Press on Sept. 24, 2025.
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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…
The shares of the Canadian lithium producer Lithium Americas were skyrocketing this Wednesday on Wall Street after reports that the Donald Trump administration would be in talks to take up a share of up to 10% of the company.The papers jumped 95.28% to US$6 on the New York Stock Exchange, after having scored a 7% decline in the previous session.According to several U.S. media, the government's entry to the mining company's ownership would be in …
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