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Possible US Stake in GM Partner Lithium Americas Sparks Stock Surge
Yahoo Finance· 2025-09-24 23:37
MingZeZhang / Getty Images The Department of Energy approved a $2.26 billion loan to develop Thacker Pass during the Biden administration Key Takeaways Shares of Lithium Americas soared following a report that the U.S. may take up to a 10% stake in the firm. The lithium mine developer is working with General Motors to build the Thacker Pass mine in Nevada to boost domestic production of the metal used in rechargeable batteries. Lithium Americas (LAC) shares skyrocketed Wednesday after a report that ...