Trump Seeks 10% Stake In Canadian Lithium Miner Supplying GM
Trump administration wants 10% stake in Canadian lithium miner that sells to GM amid EV supply chain race.
Matilda
Trump Seeks 10% Stake In Canadian Lithium Miner Supplying GM
The Trump administration wants 10% stake in Canadian lithium miner that sells to GM, signaling a surprising shift in its approach to clean energy minerals. While the administration has often criticized the EV transition, it is now pushing for direct equity in Lithium Americas, the company developing the Thacker Pass mine in Nevada. Image Credits:terng99 / Getty Images The proposal comes as part of a renegotiation of a $2.26 billion Department of Energy loan. In exchange for extending the repayment terms, the U.S. government is seeking up to 10% equity in the company. Why Lithium Americas Matters Lithium Americas is building what could become the largest lithium mine in the Western Hemisphere. The Thacker Pass project’s first phase alone could produce enough lithium for 800,000 electric vehicles annually. The mine has been at the center of U.S. policy shifts, with its permit approved by President Trump in his first term and its financing later secured under President Biden through the DOE’s…
