US EditionTrump moves toward deal to give US an equity stake in company developing Nevada lithium mine
The Trump administration aims to secure up to a 10% stake in Lithium Americas, leveraging a $2.26 billion loan renegotiation to strengthen U.S. lithium supply for electric vehicles.
- September 24, 2025, the Trump administration proposed seeking up to a 10% equity stake in Lithium Americas Corp tied to renegotiating its $2.26 billion DoE loan for Thacker Pass mine.
- To secure domestic supplies, officials say the move aims to build a U.S. critical minerals supply chain and cut reliance on China, following stakes in Intel and MP Materials.
- Project documents show Phase 1 aims for 40,000 tonnes per year of battery-quality lithium carbonate, enough to power 100,000 EVs, with GM holding offtake and investment ties.
- Investors reacted sharply when Lithium Americas stock surged nearly 40% on Thursday and doubled on Wednesday, while White House officials said President Donald Trump supports the project and aims to protect taxpayer returns.
- Local opposition remains even as construction has been under way for nearly a year with more than 600 contractors and is expected to create nearly 2,000 direct jobs including 1,800 skilled contractors.
39 Articles
39 Articles
Ticker: Trump moves toward deal to give US an equity stake in company developing Nevada lithium mine
The White House is moving forward with a deal that would allow the U.S. government to take a small equity stake in a Canadian company that is developing one of the world’s largest lithium mines. The Department of Energy and Lithium Americas, developer of the proposed Thacker Pass lithium mine and processing plant in Nevada, have agreed on changes to a $2.3 billion federal loan that could allow the project to move forward to extract the silver-wh…
Deal would give US an equity stake in company developing lithium mine on Nevada-Oregon border
The Department of Energy and Lithium Americas, developer of the proposed Thacker Pass lithium mine and processing plant, have agreed on changes to a $2.3 billion federal loan that could allow the project to move forward to extract the silver-white metal used in electric vehicle batteries.
Associated Press News
Trump moves toward deal to give US an equity stake in company developing Nevada lithium mine
The White House is moving forward with a deal that would allow the U.S. government to take a small equity stake in a Canadian company that is developing one of the world’s largest lithium mines.
The move of the White House to acquire a shareholding in the mining company based in Vancouver. And the title flies on the Stock Exchange. But Beijing is in great advantage over the entire chain. The geopolitics of the transition
Trump's Mineral Gambit After Lithium Americas—These Names Could Be Next - MP Materials (NYSE:MP), Ioneer (NASDAQ:IONR), Perpetua Resources (NASDAQ:PPTA)
The Trump administration‘s recent move to acquire up to a 10% equity stake in Lithium Americas Corp (NYSE: LAC) has sent shockwaves through the mining sector. This strategic investment aims to bolster domestic production of critical minerals, particularly lithium, by renegotiating a $2.26 billion Department of Energy (DoE) loan for the Thacker Pass project in Nevada. Track LAC stock here. Given this precedent, several other companies in the cri…
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