Lithium Americas Corp (TSX:LAC, NYSE:LAC) shares powered 97% higher to C$8.26 in late afternoon trading on Wednesday after the Trump administration is seeking an ownership interest in the mining company, which is based in Canada, Bloomberg reported. Lithium Americas is in negotiations with the US Energy Department and General Motors (GM) over the terms of its US$2.26 billion government loan fo...
Lithium Americas surged on news of potential Trump Administration approval for a Department of Energy loan based on the inclusion of an equity stake. The lithium miner aims to complete the $3 billion Thacker Pass mine by 2027, with the DoE loan covering most remaining costs and enabling major U.S. lithium production. Despite recent lithium price slumps, LAC forecasts strong future EBITDA and NP...
Lithium Americas Corp (NYSE:LAC) stock was last seen 97.9% higher to trade at $5.95, amid reports that the Trump administration is pursuing an equity stake of up to 10% in the company.
Lithium Americas stock surged 70% on rumors of a potential 10% U.S. government stake, highlighting its strategic importance in lithium supply. A government equity stake would shift political risk to a tailwind, enhance financing prospects, and boost investor sentiment for LAC. Despite the rally, LAC remains a speculative play, as it has no current production and profitability depends on future ...
Lithium Americas (LAC) shares skyrocketed Wednesday after a report that the Trump administration is looking to take as much as a 10% stake in the lithium project developer.
40,000. That's how many metric tons of battery-quality lithium are expected to be produced annually at Lithium Americas' Thacker Pass facility, enough to power roughly 800,000 electric vehicles, according to the company and the Energy Department.
Lithium Americas (LAC 95.12%) stock soared 90.9% through 10 a.m. ET this morning after Reuters reported the start-up miner of lithium for electric car batteries may be in line for a big investment from the U.S. government.
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