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Lithium Americas Spikes As U.S. Confirms Stake After MP Materials, Intel Investments
Investors· 2025-10-01 10:26
Group 1 - The U.S. government will acquire a 5% stake in Lithium Americas and its Thacker Pass lithium project in Nevada, indicating a strategic interest in domestic lithium production [1] - Lithium Americas experienced a surge in stock price following the announcement by Secretary of Energy Chris Wright [1] - The investment aligns with broader U.S. interests in securing domestic sources of lithium, which is critical for electric vehicle batteries and renewable energy technologies [1] Group 2 - The Dow and other indexes saw an increase in stock prices due to inflation data meeting expectations, which may influence Federal Reserve rate cut outlooks [4] - Companies like Ford and General Motors received upgrades in their relative strength ratings, indicating positive market sentiment towards their stock performance [4] - The focus on reshoring chip manufacturing and investments in lithium stocks reflects ongoing trends in the technology and automotive sectors [4]
Lithium Americas Reaches Agreement with GM and U.S. DOE Regarding First Draw on DOE Loan
Businesswire· 2025-10-01 04:00
Core Points - Lithium Americas Corp. has reached an agreement in principle with the U.S. Department of Energy to advance the first draw of $435 million for the Thacker Pass lithium project [1] Group 1 - The joint venture partner for Lithium Americas in the Thacker Pass project is General Motors Holdings LLC [1] - The agreement is referred to as the "First Draw Terms" [1] - The funding is aimed at supporting the development of the Thacker Pass lithium project [1]
US Government Takes 10% Stake In Lithium Americas
ZeroHedge· 2025-10-01 02:10
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]
Lithium Americas stock pops 35% as government takes a stake to boost Nevada project
CNBC· 2025-09-30 22:46
Core Insights - The U.S. Department of Energy plans to acquire a 5% equity stake in Lithium Americas Corp. and an additional 5% stake in the Thacker Pass lithium project, indicating a significant government interest in the lithium supply chain [2][3] - Lithium Americas shares surged over 35% following the announcement of the U.S. government's investment, reflecting strong market reaction to the news [1] - Thacker Pass is projected to be one of North America's largest lithium sources, with operations expected to commence in late 2027 [2] Company Overview - Lithium Americas Corp. is involved in the development of the Thacker Pass lithium mine, which is located in northern Nevada and is expected to play a crucial role in the U.S. lithium supply chain [1][2] - The company is publicly traded on both the Toronto Stock Exchange and the NYSE, but it is incorporated and domiciled in Canada [3] Industry Context - The investment by the U.S. government represents a strategic move to secure direct ownership in critical mineral supply chains, particularly for lithium, which is essential for electric vehicle batteries and other technologies [3] - General Motors holds a minority stake in the Thacker Pass project, highlighting the involvement of major automotive players in the lithium supply chain [2]
US government to take 5% stake in Lithium Americas and joint venture with GM, source says
Yahoo Finance· 2025-09-30 22:31
Core Points - The U.S. Department of Energy will acquire a 5% stake in Lithium Americas and a separate 5% stake in the Thacker Pass lithium mine joint venture with General Motors [1][2] - Shares of Lithium Americas rose 34% in after-hours trading following the finalization of stake negotiations [1] - The investment is part of the Trump administration's strategy to boost industries critical to U.S. national security, following similar investments in Intel and MP Materials [2] Investment Details - The government will acquire the stakes through no-cost warrants, which were part of discussions regarding a $2.26 billion government loan for the Thacker Pass mine [4] - Lithium Americas offered the government no-cost warrants equating to 5% to 10% of its common shares to secure the first tranche of loan funding [4] - GM holds a 38% stake in the Thacker Pass project after investing $625 million last year and has rights to purchase lithium from the project for 20 years [5] Project Significance - The Thacker Pass project is seen as a crucial initiative to enhance U.S. production of critical minerals and reduce reliance on China, the largest lithium processor [6] - The first phase of the Thacker Pass project is expected to produce 40,000 metric tons of battery-quality lithium carbonate annually, sufficient for up to 800,000 electric vehicles [7] - Currently, U.S. lithium production is limited to less than 5,000 metric tons at a facility owned by Albemarle in Nevada [7]
Energy Sec. Wright says U.S. is taking an equity stake in Lithium Americas
Youtube· 2025-09-30 22:04
We've got breaking news on the US taking a stake in another company. Aean Jabvers has got the details. Aean.Melissa. US Energy Secretary Chris Wright was on uh Bloomberg News just a short time ago uh and he said that the United States is going to take a 5% stake in lithium Americas. Now remember there was reporting last week that the company was in negotiations to give up a 10% stake.And what Wright said today uh is that actually it's going to be that 5% t stake in the company itself and then a 5% stake in ...
X @Bloomberg
Bloomberg· 2025-09-30 21:01
The US government agreed to acquire a stake in Lithium Americas, Secretary of Energy Chris Wright said Tuesday on Bloomberg TV, giving a boost to the Canadian company as it develops its Thacker Pass lithium project in Nevada https://t.co/MpgLEuCcUt ...
Jefferies Maintains Buy Rating on Lithium Americas (LAC) Stock
Yahoo Finance· 2025-09-30 19:29
Lithium Americas Corp. (NYSE:LAC) is one of the Best WallStreetBets Stocks to Invest In. On September 24, analyst Laurence Alexander of Jefferies maintained a “Buy” rating on the company’s stock, reducing the price objective to $7.00. The analyst’s rating is backed by a combination of factors. The ongoing discussions with the Department of Energy (DOE) and General Motors (GM) about the $2.3 billion loan and potential equity stake demonstrate a strategic alignment, which can benefit Lithium Americas Corp. ( ...
Liontown (LINRF) Appoints Greg Jason CFO, Lisa Breen Chief People Officer
Yahoo Finance· 2025-09-30 19:01
Liontown Resources Limited (OTCMKTS:LINRF) is one of the best performing ASX stocks in 2025. On September 24, the company appointed Greg Jason as Chief Financial Officer (CFO), effective December 18, 2025. The new CFO has previously occupied a similar role at Austal Limited, TLEA (the Tianqi Lithium and IGO joint venture), and Pilbara Minerals. Liontown also announced that Lisa Breen will join as Chief People Officer, effective October 13, 2025. Lisa comes from MMA Offshore Limited, where she was Executive ...
Chile fines Albemarle for lithium extraction violations
MINING.COM· 2025-09-30 17:54
Core Viewpoint - Albemarle has been fined nearly $340,000 by Chile's environmental regulator for exceeding water extraction limits at its lithium operations in the Atacama salt flat, highlighting ongoing tensions between the company and Chilean authorities [1][3]. Group 1: Regulatory Violations - The Superintendence of the Environment (SMA) reported that Albemarle exceeded its approved water extraction limits, averaging 452.3 liters per second from October 2019 to September 2020, which is above the authorized amount under its environmental permit [1]. - In early 2021, Albemarle failed to adhere to required safeguards under its Aquifer Alert Sector plan, including not reporting the activation of a key indicator and not reducing brine extraction as mandated [2]. Group 2: Industry Context - The fine represents a significant point of contention in Albemarle's relationship with Chilean regulators, who have been closely monitoring water and brine usage in the fragile Salar de Atacama ecosystem [3]. - Competitor SQM is also under similar scrutiny as both companies aim to expand lithium production to meet the increasing demand for electric vehicle batteries [3].