Overview

• The White House is pursuing up to a 10% equity stake in Lithium Americas as part of reworking a $2.26 billion Department of Energy loan for the Thacker Pass project, according to multiple reports.
• Lithium Americas has offered no‑cost warrants equal to roughly 5% to 10% of its common shares as consideration tied to revised loan terms.
• Officials reopened the loan over repayment concerns linked to weak lithium prices and are seeking additional safeguards, including purchase guarantees from General Motors.
• GM owns 38% of the Thacker Pass venture and holds long‑term offtake rights for phase‑one output, and any equity arrangement requires the automaker’s consent.
• Shares of Lithium Americas jumped as reports surfaced of the talks, and the Nevada project targets about 40,000 metric tons of lithium carbonate per year starting around 2028 in a bid to bolster U.S. supply chains dominated by China.