U.S. to seek equity in Thacker Pass lithium developer
The White House and Department of Energy are negotiating changes to a $2.3 billion DOE loan to Lithium Americas that would permit the U.S. government to take a very small equity stake (under 10%) in the company developing the Thacker Pass lithium mine in northern Nevada. General Motors has pledged more than $900 million to the project; officials say the proposed U.S. stake would serve as a cash buffer as the company seeks to draw on DOE financing and advance domestic battery‑grade lithium production.
Energy
Economy
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Trump moves toward deal to give US an equity stake in company developing Nevada lithium mine
New information:
- DOE and Lithium Americas have agreed on loan changes tied to a $2.3 billion federal loan approved last year
- White House official described a proposed U.S. equity stake as 'very small' — less than 10% — to act as a cash buffer
- Thacker Pass (northern Nevada) is projected to produce ~40,000 metric tons of battery‑quality lithium carbonate per year in phase one; GM has pledged >$900 million