Shares of Lithium Americas Soar 100 Percent on US Government Stake

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Shares of Lithium Americas Soar 100 Percent on US Government Stake

Lithium-rich lepidolite in the Stewart Lithia Mine near Pala, Calif. on Dec. 27, 2024. John Fredricks/The Epoch Times

The U.S. government is seeking an equity stake in Lithium Americas, a Canadian mining company, sending the firm’s shares soaring by 100 percent.

The White House proposed an equity stake as the Vancouver, British Columbia-based firm renegotiates the terms of a $2.2 billion loan from the Department of Energy regarding its critical Thacker Pass mine in northern Nevada.

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