Lithium Americas (LAC) surged early Wednesday after Secretary of Energy Chris Wright told Bloomberg TV that the U.S. government will take a stake in the company, confirming recent reports.
The U.S. will take a 5% stake in Lithium Americas as well as a 5% stake in its Thacker Pass lithium project in Nevada.
"It's in America's best interest to get that mine built," Wright said late Tuesday. "We're going to see a huge new lithium resource come on. In the next couple of years it will displace a massive amount of imported lithium."
Read Article