The Trump administration is pursuing a 10% stake in Lithium Americas to support industries critical to national security, leading to a surge in the company’s stock. General Motors, a joint venture partner, is negotiating the U.S. government’s share. Exchange-traded funds tracking lithium were also active.

Lithium Americas is developing Thacker Pass in Nevada, aiming for 40,000 tons per year of battery-quality lithium carbonate. The company’s Biden-era loan, subject to conditions it couldn’t meet, is under renegotiation with the DOE. Proposed new terms include delayed payments and government stake.

Negotiations with the DOE and GM continue as Lithium Americas seeks a mutually agreeable resolution. Stock prices nearly doubled to $6.25 per share, reaching the highest intraday price since April 2024. The company holds the largest known lithium resource and reserve in the world.

Researchers suggest Arkansas may hold 19 million tons of lithium critical for battery power, adding to the discussion. The company is working with stakeholders on conditions precedent to draw on the DOE Loan and associated specifics. China’s involvement in the African lithium rush is also a topic of interest.

Read more at Yahoo Finance: Trump admin considers government stake in lithium mining company