Lithium Americans Lac Trump, Canada government

The American Lithium The shares rose on Wednesday, when the Trump administration is seeking a share of shares in the mining company, which is based in Vancouver, British Columbia.

The White Hay Thacker Pass Li, a Trump administration official for CNBC. Reuters first reported the suggestion of the shares.

Lithium American shares rose approximately 80 % in morning trading.

It is the latest step by the White House to take direct ownership in the important metal supply chain for American interests, however the first such share is proposed to a Canadian company. Li -Terctin Li -Toronto is trading on the Toronto Stock Exchange and New York papers, but it was combined and located in Canada.

the Ministry of Defense It acquired a 15 % share of the shares at the Erth Miner fire company MP materials In July. Las Vegas -based MP shares have doubled more than weakness since the deal.

It is expected to become a story Pass in North Nevada, one of the largest Lithium sources in North America when you work. The project is a joint project between the American Lithium and General Motors.

Lithium has two 62 % stakes and runs the mine. General Motors has 38 % stake and agreed to purchase OffTake from the mine when it is operation. Lithium is a critical material for electric vehicle batteries.

The Trump administration official said that Li -Taium was a two -year -old Li -Teris to negotiate the loan conditions for a Taker pass because it did not fulfill the conditions for the first behavior. The official said that during negotiations with the Ministry of Energy, miners asked to pay part of the loan payment in the following years.

The official said: “If we will come out part of the payment to the subsequent years, the administration wants to obtain a very small share of the stocks to establish a temporary cash store mainly and get rid of some risks on behalf of the taxpayers.”

The official said the deal has not been completed, but the Trump administration supports the project and the discussions are positive. Investment may need Canadian approval well given the company’s jurisdiction.

Interior Minister Doug Burgum revealed in April that the Trump administration was J.ONSIDERING Take Stock Classes In miners to support them against the state’s sponsored competition in China.