US Government Takes 10% Stake In Lithium Americas

Group 1 - The US government has agreed to acquire a stake in Lithium Americas, boosting the company's development of the Thacker Pass lithium project in Nevada [1][2] - This acquisition is part of the Trump administration's strategy to enhance domestic supply chains for critical metals, aiming to reduce reliance on China [2] - The Thacker Pass project is expected to become a significant lithium source for the US, which currently has limited production of this battery metal [3] Group 2 - Lithium Americas is in discussions with General Motors regarding the terms of a $2.26 billion government loan for its lithium mining project in Nevada [3] - The US-listed shares of Lithium Americas have increased by 92% this year, with a notable rise of 32% to $7.53 in after-hours trading [4]