Government Stake Drives Lithium Americas Catalyst

25 days ago

Tatiana Darie

"And Tatiana, we're looking at the U.S. government take stakes in yet another company. Yes, and that company is Lithium Americas. Your ticker is LAC, up about 22% after the U.S. government agreed to acquire a 5% stake in the company, as it develops its lithium project in Nevada. That is the largest lithium deposit in the country."

Lithium Americas (LAC) received a 5% government stake, providing a catalyst driven by its large domestic lithium deposit and strategic importance in developing a domestic supply chain for critical metals used in electric vehicles and defense.

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