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Lithium Americas soars 90% as Washington considers stake
Yahoo Finance· 2025-09-24 12:24
By Arunima Kumar and Purvi Agarwal (Reuters) -Shares of Lithium Americas closed at $8.32 after jumping nearly 90% on Wednesday after Reuters reported that the Trump administration is seeking up to a 10% stake in the miner, in the latest sign of Washington's intervention into industries it considers critical to national security. Late Tuesday, Reuters cited two people familiar with the talks who said the administration is considering the stake as part of negotiations over a $2.26 billion Department of Ene ...
Morning Market Movers: SHFS, LAC, AQMS, ZONE See Big Swings
RTTNews· 2025-09-24 12:00
Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - SHF Holdings, Inc. (SHFS) increased by 150% to $8.17 - Lithium Americas Corp. (LAC) rose by 69% to $5.18 - Aqua Metals, Inc. (AQMS) gained 50% reaching $6.11 - CleanCore Solutions, Inc. (ZONE) up by 44% at $2.87 - Cyclerion Therapeutics, Inc. (CYCN) increased by 33% to $4.03 - Twin Vee Powercats Co. (VEEE) rose by 17% to $2.92 - Solidion Technology, Inc. (STI) up by 11% at $5.09 - China Pharma Holdings, Inc. (CPHI) increased by 11% to $2.18 - Stardust Power Inc. (SDST) rose by 10% to $3.04 - Aligos Therapeutics, Inc. (ALGS) increased by 7% to $11.03 [3] Premarket Losers - Aytu BioPharma, Inc. (AYTU) decreased by 15% to $2.11 - Professional Diversity Network, Inc. (IPDN) down by 13% to $4.10 - STRATA Skin Sciences, Inc. (SSKN) fell by 10% to $2.31 - Cohu, Inc. (COHU) decreased by 9% to $20.68 - Super League Enterprise, Inc. (SLE) down by 9% to $7.74 - CTW Cayman (CTW) fell by 9% to $2.29 - Fitell Corporation (FTEL) decreased by 8% to $7.70 - Soluna Holdings, Inc. (SLNH) down by 8% to $2.16 - StableX Technologies, Inc. (SBLX) decreased by 5% to $5.22 - Indaptus Therapeutics, Inc. (INDP) down by 5% to $2.95 [4]
Trump Sets Sights On This Lithium Stock After Stakes In Intel And MP Materials
Investors· 2025-09-24 11:48
Group 1 - The Trump administration is reportedly seeking to acquire an equity stake of up to 10% in Lithium Americas, indicating a move towards state capitalism [1] - The company is currently renegotiating terms of a $2.26 billion agreement with the Energy Department [1] Group 2 - The stock market experienced a decline as Fed chief Powell commented on the high valuation of stock prices [2] - Micron's earnings and guidance exceeded expectations, contributing to a rise in tech futures [1]
Lithium Americas shares surge 60% as Trump reportedly eyes US stake
Invezz· 2025-09-24 11:09
Shares of Lithium Americas surged by almost 60% in premarket trading on Wednesday after a Reuters report that the Trump administration is seeking an equity stake of up to 10% in the Canadian miner. Th... ...
Nevada Lithium Resources and Hydro Lithium sign Letter of Intent for Development of Bonnie Claire Critical Minerals
Globenewswire· 2025-09-24 11:00
Core Insights - Nevada Lithium Resources Inc. has signed a non-binding Letter of Intent (LOI) with Hydro Lithium Inc. to recover critical minerals from its Bonnie Claire lithium and boron project in Nevada [1][2] - The collaboration aims to utilize Hydro Lithium's proprietary extraction technologies to enhance revenue streams from the Bonnie Claire project and potentially other North American properties [2][6] - The LOI is set to terminate on September 25, 2026, unless a definitive agreement is signed before that date [3] Company Overview - Nevada Lithium Resources Inc. focuses on mineral exploration and development, particularly through its 100% owned Bonnie Claire Lithium Project located in Nye County, Nevada [7] - The company completed a Preliminary Economic Assessment (PEA) in August 2025, indicating the potential to produce over 62,300 tonnes of lithium carbonate and 129,500 tonnes of boric acid annually over a 61-year mine life [8] - The PEA highlights strong investment metrics, including a 32.3% Internal Rate of Return (IRR) and a capital payback period of 2.8 years [9] Technology and Collaboration - Hydro Lithium's CEO, Dr. Uong Chon, has developed successful lithium extraction technologies, including the CULH and CULX processes, which are expected to enhance the economic viability of the Bonnie Claire project [4][5] - Hydro Lithium currently produces battery-grade lithium hydroxide and lithium carbonate with an annual capacity of 3,600 tonnes and is constructing a second plant expected to increase capacity significantly by 2030 [10][11] - The collaboration is seen as a strategic partnership to leverage Hydro Lithium's technology for sustainable extraction of underutilized natural resources while minimizing environmental impact [6][7]
Lithium Americas soars on report Trump administration seeking equity stake
Yahoo Finance· 2025-09-24 10:50
(Reuters) -U.S.-listed shares of Lithium Americas surged more than 70% in premarket trading on Wednesday after a report said the Trump administration was seeking an equity stake of up to 10% in the miner, the latest sign of involvement in industries the government sees as critical to national security. Reuters reported late on Tuesday, citing two people familiar with the discussions, that the administration was discussing taking the stake in the company as part of talks to renegotiate a $2.26 billion gove ...
Wall Street Breakfast Podcast: Alibaba To Boost AI Spending
Seeking Alpha· 2025-09-24 10:39
Alibaba - Alibaba's shares surged to their highest in nearly four years in Hong Kong following the announcement of increased AI spending plans beyond the initially planned 380 billion yuan ($53 billion) over the next three years [2][3] - CEO Eddie Wu anticipates that global investment in artificial intelligence will accelerate to approximately $4 trillion over the next five years, indicating the need for Alibaba to enhance its AI infrastructure [3] - Alibaba unveiled its open-source large language model, Qwen3-Omni, capable of processing text, images, audio, and video [4] Ford - Ford is offering lower interest rates to attract riskier borrowers for its F-150 pickups, aiming for a strong sales close to the quarter [4][5] - The automaker has been absorbing tariff costs on imported materials to maintain sales volume, despite the impact on profits [5] - The program to offer lower rates is not expected to continue beyond the end of the month [5] Lithium Americas - Lithium Americas' shares increased by 78% in pre-market trading after reports that the Trump administration is seeking a 10% equity stake in the company while renegotiating terms of a $2.3 billion Department of Energy loan for its Thacker Pass lithium project [5][6] - The Thacker Pass project, valued at approximately $3 billion, was approved by Trump at the end of his first term, with the loan closing last year under the Biden administration [6] - General Motors, which invested $625 million for a 38% stake in the mine, has the right to purchase all lithium from the project's phase 1 and part of phase 2 for 20 years, although Trump officials are now seeking guarantees regarding GM's purchases [7]
Wall Street Breakfast Podcast: Alibaba To Boost AI Investment
Seeking Alpha· 2025-09-24 10:39
Alibaba - Alibaba's shares surged to their highest in nearly four years in Hong Kong following the announcement of increased AI spending plans beyond the initially planned 380 billion yuan ($53 billion) over the next three years [2][3] - CEO Eddie Wu anticipates that global investment in artificial intelligence will accelerate to approximately $4 trillion over the next five years, indicating the need for Alibaba to enhance its AI infrastructure [3] Ford - Ford is offering lower interest rates to attract riskier borrowers for its F-150 pickups, aiming for a strong sales close to the quarter [4][5] - The automaker has been absorbing tariff costs on imported materials to maintain sales volume, despite the impact on profits [5] Lithium Americas - Lithium Americas' shares increased by 78% in pre-market trading after reports that the Trump administration is seeking up to a 10% equity stake in the company while renegotiating terms of a $2.3 billion Department of Energy loan for its Thacker Pass lithium project [5][6] - The Thacker Pass project, valued at approximately $3 billion, was approved by the Trump administration, and the loan was finalized under the Biden administration [6] - General Motors, which invested $625 million for a 38% stake in the mine, has the right to purchase all lithium from the project's phase 1 and part of phase 2 for 20 years, although the Trump administration is now seeking guarantees for these purchases [7]
Alibaba, Lithium Americas And Other Big Stocks Moving Higher In Wednesday's Pre-Market Session - ATAI Life Sciences (NASDAQ:ATAI), Ares Acquisition (NYSE:AACT)
Benzinga· 2025-09-24 10:34
U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 0.3% on Wednesday.Shares of Alibaba Group Holding Limited BABA rose sharply in pre-market trading.Alibaba is deepening its artificial intelligence ambitions by integrating Nvidia's NVDA suite of "physical AI" development tools into its cloud platform, a move that strengthens ties between two of the most influential players in global AI..Alibaba shares surged 9.3% to $178.21 in pre-market trading.Here are some other stocks mo ...
Lithium Americas Stock Surged 68% In Wednesday Pre-Market: What's Going On? - General Motors (NYSE:GM), Infinity Natural (NYSE:INR)
Benzinga· 2025-09-24 09:06
Core Insights - The Trump administration is seeking a 10% stake in Lithium Americas Corp as part of a national security strategy, which has led to a significant stock surge of 67.75% [1][2] - This move is linked to a restructuring of a $2.26 billion federal loan for the Thacker Pass lithium mine in Nevada, which is projected to be the largest lithium operation in the Western Hemisphere by 2028 [2][3] - The administration's actions reflect a broader strategy to enhance U.S. domestic lithium supply and reduce dependence on China, which currently dominates the lithium refining and processing market [3][5] Company Developments - Lithium Americas is making substantial progress on the Thacker Pass project, with construction underway and mechanical completion expected by late 2027 [5] - The company is partly backed by General Motors, indicating a strategic partnership aimed at bolstering the U.S. lithium supply chain [3][5] - Lithium Americas holds a momentum rating of 64.51%, indicating a strong price trend across short, medium, and long-term periods [6] Industry Context - The global lithium market is undergoing significant changes, with increased supply pressure following announcements from major players like China's Contemporary Amperex Technology (CATL) [4] - Other companies, including Exxon Mobil, Standard Lithium, and Ioneer, are also advancing U.S. lithium projects to counter China's influence in the market [5]