Shares of Lithium Americas Soar 100 Percent on US Government Stake

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.