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US DoE restructures deal with Lithium Americas for critical minerals
Yahoo Finance· 2025-10-01 11:12
The US Department of Energy (DoE) has restructured its deal with Lithium Americas Corporation (LAC) to take a 5% equity stake in the company and a separate 5% stake in the company’s Thacker Pass lithium project joint venture (JV) with General Motors. This move is part of US efforts to help counter China’s control of the lithium market. The 5% equity ownership comes in the form of LAC warrants and a 5% ownership in the form of warrants in the JV. The restructuring of the deal was carried out by the Loan ...