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Trump Seeks 10% Stake in Lithium Americas, Shares Soar

9/24/2025

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Summary

Story summary

The Trump administration seeks a 10% equity stake in Lithium Americas tied to a $2.26 billion Department of Energy loan.
Lithium Americas shares surged about 99% on the news.
Thacker Pass would produce 40,000 metric tons annually, enough for 800,000 EVs, reducing U.S. reliance on China.
Low lithium prices prompt loan renegotiation; GM holds 38% and a 20-year supply deal.

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Story summary

The Trump administration seeks a 10% equity stake in Lithium Americas tied to a $2.26 billion Department of Energy loan.
Lithium Americas shares surged about 99% on the news.
Thacker Pass would produce 40,000 metric tons annually, enough for 800,000 EVs, reducing U.S. reliance on China.
Low lithium prices prompt loan renegotiation; GM holds 38% and a 20-year supply deal.