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4w ago

U.S. Poised to Take Small Stake in Lithium Americas as DOE Loan Is Reworked

A revised $2.3 billion federal financing package would pair equity participation with a push to secure domestic lithium supply.

FILE - Construction continues at the Lithium Nevada Corp. mine site Thacker Pass project, April 24, 2023, near Orovada, Nev. (AP Photo/Rick Bowmer, File)
FILE - An "Access Restricted" sign is displayed at the Lithium Nevada Corp. mine site at Thacker Pass, April 24, 2023, near Orovada, Nev. (AP Photo/Rick Bowmer, File)
FILE - Construction continues at the Lithium Nevada Corp. mine site Thacker Pass project, April 24, 2023, near Orovada, Nev. (AP Photo/Rick Bowmer, File)
President Donald Trump addresses the 80th session of the United Nations General Assembly, Tuesday, Sept. 23, 2025, at U.N. headquarters. (AP Photo/Angelina Katsanis)

Overview

  • The White House says any government ownership would be less than 10% and function as a cash buffer for the company.
  • Lithium Americas reports ongoing negotiations with the Energy Department and General Motors and says no definitive agreement exists.
  • DOE and the company have agreed on changes to the loan that could advance the Thacker Pass project, according to the Associated Press.
  • Shares of LAC nearly doubled this week before pulling back, as Scotiabank cautioned that potential warrants or equity could dilute holders and set a $2.75 price target.
  • Thacker Pass targets 40,000 metric tons of battery‑grade lithium carbonate annually in Phase 1, while environmental and tribal opposition continues to challenge the project.