Overview

• Lithium Americas and the Department of Energy have a tentative agreement to revise a $2.26–$2.3 billion loan in a way that could grant Washington an equity stake of up to 10%, pending further approvals.
• Lithium Americas has offered no-cost warrants equal to roughly 5%–10% of its common shares as part of talks tied to shifting the loan’s amortization, after the first draw was delayed.
• A White House official said the equity piece is intended to create a cash buffer for taxpayers after the company requested to push some repayments into later years.
• General Motors holds a 38% project stake and long-term offtake rights, and officials are pressing for binding purchase guarantees and other concessions; any deal will require GM’s sign-off.
• Shares of Lithium Americas jumped roughly 65%–97% on the reports as negotiations continue, with potential Canadian approvals in play for the Vancouver-based firm and DOE safeguards remaining under the original loan terms.