Trumps Wants A Stake In Lithium Americas For National Security

Benzinga

The Trump administration is negotiating a 10% stake in Lithium Americas as part of a $2.26B loan deal for Nevada’s Thacker Pass mine. The project, backed by GM, is set to be the largest lithium site in the West by 2028.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02The Trump administration is seeking up to a 10% equity stake in Lithium Americas,

00:06according to Reuters. The move is part of renegotiating a $2.26 billion Department

00:11of Energy loan for the Thacker Pass Lithium Mine in Nevada, with a $625 million investment from

00:16GM for a 38% stake. The project is expected to become the Western Hemisphere's largest

00:21lithium operation when it starts production in 2028. The administration is casting a direct

00:26stake in Lithium Americas as a national security move, with a one-house official saying Trump

00:30wants the mine to succeed while ensuring taxpayers benefit. Lithium Americas stocks surged 74.27%

00:37to $5.35 in Tuesday's after-hours trading, according to Benzinga Pro.

00:41For all things money, visit Benzinga.com.

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