"Angel Island's addition to the FAST-41 Transparency program is a significant milestone for Century Lithium," said Bill Willoughby, CEO of Century Lithium. "It signals strong federal interest in advancing secure domestic lithium supply and provides greater permitting certainty to our stakeholders and future project partners." In August 2025, Angel Island was formally designated as a FAST-41 Transparency project under the Fixing America's Surface Transportation Act, a US federal initiative designed to impro ...

China has approved reserve reports from two lithium producers in Yichun, providing some relief to market concerns over potential output disruptions, reported Bloomberg. This move comes as regulators closely scrutinise the sector’s excess capacity. Contemporary Amperex Technology (CATL), whose Jianxiawo mine was suspended last month, has received reserve approval, the media outlet reported, citing sources familiar with the matter. The clearance moves the sites closer to securing a mining permit and resum ...

Lithium Americas is surging on plans for the Department of Energy to take a 5% stake in the company and a 5% stake in its Thacker Pass lithium mining project. ...

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]

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]

Trump's Industrial Economy policies just took down their latest scalp, so to speak. One week after Bloomberg reported that the White House was considering a 10% stake in one of the largest North American lithium mining companies, Lithium Americas, on Tuesday afternoon, the US government agreed to acquire a stake in the company, 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.The deal is the Trump ...

In windswept, remote Thacker Pass in the far northern reaches of Nevada permits approved for a massive lithium mine, proposed by Lithium Americas Corp., are drawing impassioned protest from the local indigenous population, ranchers, and environmentalists.Shares of Lithium Americas popped more than 35% in extended trading Tuesday after U.S. Energy Secretary Chris Wright told Bloomberg that the U.S. government will take a small stake in the company.The U.S. Department of Energy plans to take a 5% equity stake ...

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 ...

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 ...

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 ...