Shares of Lithium Americas Soar 100 Percent on US Government Stake

Date:

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.

spot_imgspot_imgspot_img

Share post:

More like this
Related

What Does Fiduciary Mean? The Complete Guide to Fiduciary Advisers and Why It Matters for Your Money

A fiduciary’s legal duty can affect your investments, fees,...

Weekly Unemployment Claims Ease From 4-month High

A now hiring sign during Black Friday at a...

Protect Yourself From Rising Financial Fraud

All generations can be targeted and fall for scams....

Before Hormuz Traffic Resumes, up to 600 Ships, 20,000 Sailors Must Be Evacuated From Gulf

The Epaminondas ship is seen during seizure by the...