Lithium Americas Shares Jump on U.S. Plans to Take Stake

Dow Jones
Oct 01

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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