By Katherine Hamilton
Lithium Americas shares jumped in late trading after Energy Secretary Chris Wright said the U.S. plans to take stake in the Canadian mining company.
The stock climbed 32% to $7.53 in after-hours trading Tuesday. Through the close, shares had nearly doubled this year.
Lithium Americas, which produces minerals used in electric-vehicle batteries, is also in talks with automaker General Motors over the terms of its $2.26 billion government loan for a large lithium mining project it is developing in Nevada.
Those discussions included debating whether the U.S. should take a stake in Lithium Americas as a condition for receiving a loan, the Wall Street Journal reported earlier this month.
Wright made the announcement on Bloomberg TV.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
September 30, 2025 18:07 ET (22:07 GMT)
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