Lithium Americas Corp. (LAC) shares soared over 100% on Wednesday amid reports that the Trump administration is considering acquiring a 10% equity stake in the company. This potential investment is linked to ongoing discussions to restructure a $2.26 billion Department of Energy loan for the Thacker Pass lithium project in Nevada. The move is part of a broader strategy to secure critical mineral supply chains, echoing similar investments in Intel and MP Materials. LAC stock closed at $6.14, marking a $3.07 increase from the previous day, with trading volume reaching 208.5 million shares.
Lithium Americas Stock Doubles as Trump Administration Eyes 10% Stake
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