quote:
Lithium Americas stock soared Wednesday as the Trump administration is seeking an equity stake in the mining company, which is based in Vancouver, British Columbia.

The White House is seeking an equity stake as Lithium Americas renegotiates the terms of a $2.2 billion loan from the Department of Energy for its Thacker Pass mine, a Trump administration official told CNBC. Reuters first reported the equity stake proposal.

Lithium Americas’ shares surged about 70% premarket.

It is the latest move by the White House to take direct ownership in the mineral supply chain critical to U.S. interests, however the first such stake proposed for a Canadian company. Lithium Americas trades on both the Toronto Stock Exchange and the NYSE but is incorporated and domiciled in Canada.

CNBC

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Posted by Nigel Farage

South of the Mason-Dixon

Member since Dec 2019

1241 posts

Posted on 9/24/25 at 9:01 am to bigjoe1

I've been telling the money board that this is a company worth investing in for a few months now. They have the rights to the Thacker Pass mine in Nevada which some are saying is the largest lithium deposit in the world.

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Posted by SlidellCajun

Slidell la

Member since May 2019

15987 posts

Posted on 9/25/25 at 9:01 am to bigjoe1

What’s up with the government buying stakes in companies?

US steel
Intel
Lithium Americas

I’d be pissed if I was a competing company.

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Posted by TigerHornII

Member since Feb 2021

1155 posts

Posted on 9/25/25 at 9:43 am to SlidellCajun

quote:
What’s up with the government buying stakes in companies?

US steel
Intel
Lithium Americas

I’d be pissed if I was a competing company.

Well, in the first two cases, their competitors DID buy a stake in them - Nippon Steel and nVidia, respectively.

No one in lithium mining has enough money to buy LAC, except perhaps Money Board SLI investors.

I can neither confirm nor deny that I may or may not still be holding SLI.....

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