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The Trump administration seeks up to 10% equity in Lithium Americas for a $2.26B loan, aiming to protect taxpayer money amid low lithium prices and Chinese competition.
The Trump administration is seeking up to a 10% equity stake in Lithium Americas Corp. as part of renegotiating a $2.26 billion federal loan for the Thacker Pass lithium mine in Nevada, aiming to protect taxpayer interests amid weak lithium prices and Chinese oversupply.
The project, backed by General Motors with a $625 million investment and 38% ownership, is expected to begin production in 2028 and become the largest lithium operation in the Western Hemisphere.
The administration is pushing for equity, greater oversight, and potential concessions from GM to secure funding, while Lithium Americas has offered no-cost warrants for 5%–10% of its shares.
The move reflects broader efforts to strengthen U.S. critical minerals supply chains and reduce dependence on China, with safeguards in place to protect public funds.
La administración de Trump busca hasta un 10% de participación en Lithium Americas para un préstamo de $ 2.26B, con el objetivo de proteger el dinero de los contribuyentes en medio de los bajos precios del litio y la competencia china.