Lithium Americas Stock Soars as U.S. Takes 5% Stakes in Company and Mining Project

Core Insights - Lithium Americas (LAC) shares reached an all-time high following the announcement of a 5% stake acquisition by the U.S. government and a partnership in a significant lithium project in Nevada [1][2][3] Investment and Financial Details - The U.S. will acquire a 5% economic stake in a joint venture with Lithium Americas and General Motors (GM) for the Thatcher Pass mine [2][6] - Lithium Americas will receive $435 million from a $2.26 billion Department of Energy (DOE) loan for the project, with $182 million of debt service deferred over the first five years [4][6] Strategic Importance - The U.S. government's investment highlights the critical need for domestic lithium supply to enhance energy security and support electric vehicle production [3][4] - Energy Secretary Chris Wright emphasized that the U.S. currently produces less than 1% of the global lithium supply, making this deal vital for reducing dependence on foreign sources [4][7] Corporate Statements - Lithium Americas CEO Jonathan Evans stated that the partnership with the DOE and GM will bolster U.S. lithium production, strengthen supply chains, and create jobs [7]