US government to take 5% stake in Lithium Americas and joint venture with GM, source says

By Ernest Scheyder (Reuters) -The U.S. Department of Energy will take a 5% stake in Lithium Americas and a separate 5% stake in the company's Thacker Pass lithium mine joint venture with General Motors, a source familiar with negotiations said. Shares of Vancouver-based Lithium Americas listed in New York rose 34% in after-hours trading on Wednesday after the stake negotiations were finalized. It will be the latest private sector investment by President Donald Trump's administration after recent stakes ...