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U.S. Government Stake Talks Propel Lithium Americas (LAC) Shares 68% Pre-Market
U.S. Government Stake Talks Propel Lithium Americas (LAC) Shares 68% Pre-Market
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BTCCSquare news:
Lithium Americas (LAC) surged 68% in pre-market trading following reports of advanced negotiations with the U.S. government for a potential equity stake. The deal, which includes revisions to a $2.3 billion Department of Energy loan, centers on the Thacker Pass lithium project in Nevada—a joint venture with General Motors (GM) targeting EV and energy storage supply by 2028.
The TRUMP administration is reportedly seeking up to 10% ownership, framing the move as a strategic critical minerals investment. A White House official confirmed ongoing discussions, emphasizing the stake's modest size. The project, initially approved under Trump and later funded during Biden’s term, underscores bipartisan support for domestic lithium production.
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