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Lithium Americas Stock Soars Again. Details Of Government Stake Emerge.
Barrons· 2025-10-01 10:34
Core Viewpoint - Lithium Americas is experiencing significant stock price increases due to the announcement that the Department of Energy plans to acquire a 5% stake in the company and a 5% stake in its Thacker Pass lithium mining project [1] Company Summary - The Department of Energy's investment indicates strong governmental support for Lithium Americas and its projects, particularly in the context of the growing demand for lithium in electric vehicle batteries and renewable energy storage [1] Industry Summary - The lithium mining sector is poised for growth as the transition to electric vehicles accelerates, with government investments likely to enhance project viability and attract further investments in the industry [1]
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 ...