Shares of Lithium Americas Soar 100 Percent on US Government Stake

‘We want to reduce U.S. dependence on imports of critical materials,’ Energy Secretary Chris Wright told The Epoch Times.

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.