Lithium Americas Stock Surged 68% In Wednesday Pre-Market: What's Going On? - General Motors (NYSE:GM), Infinity Natural (NYSE:INR)
Lithium Americas Corp LAC stock surged 67.75% following reports that the Trump administration is looking to acquire a 10% stake in the company.Trump Seeks Stake In Thacker Pass Lithium As A Security MoveThe Trump administration is seeking a direct stake in Lithium Americas, following similar moves with Intel INTC and MP Materials MP, framing the action as a national security strategy. The move is reportedly a part of a move to restructure a $2.26 billion federal loan backing the company's Thacker Pass lithi ...