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Trump Admin Seeks 10% Equity Stake In Lithium Americas

From zerohedge.com

The Trump administration is looking to take some equity ownership of another large publicly traded company. The decision comes after the administration began re-evaluating a $2.3 billion loan approved by President Biden for the development of a Nevada lithium deposit. As Bloomberg reports, the record-high loan to Lithium Americas Corp., finalized in 2024, would have provided most of the capital for the construction of a processing plant adjacent to the company’s Thacker Pass mine, on one of country’s largest lithium deposits. However, the Energy Department’s review of the financing comes after Greg Beard, a senior ... (full story)

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  • Category: Fundamental Analysis