The President and CEO of American company, Jonathan Ivans, is discussing an increase in investment in the THACKER PASS mine in Nevada, Nevada, in “The Bottom.”
Lithium American share increased on Wednesday after a report stating that the Trump administration is following a 10 % stake in the mining company, where the White House is looking to interfere in industries that are decisive to national security.
A source familiar with the negotiations told Fox Business The American Lithium He agreed to allow the Trump administration to obtain a small share of less than 10 % in the company because it re -negotiates the 2.26 billion dollar energy circle loan.
General Motors (GM) 38 % stake in Li -Teritan and the negotiations on whether the company will agree to the US government’s share, according to the source.
Lithium America is developing Thacker Pass in Humboldt County in the north of Nevada, the site of the largest known and protected resources in the world. The project moves towards the first phase of production, with the aim of 40,000 tons annually of lithium carbonate of battery quality, such as what is used in electric vehicle batteries (EV).
A study found that lithium deposits in the United States are among the largest world
Lithium plans for the Americas to extract the lithium in the Thacker Pass project in Nevada. (Caroline Cole / Los Angeles Times via / Getty Pictures)
Company Landan loan It included conditions that the company should meet, but was unable to satisfy these negotiations and brush them with the Ministry of Energy on the restructuring of the loan.
According to the new conditions proposed from the loan, Lithium America wants to delay the first payments on the loan to the subsequent years while the Ministry of Energy’s share is a benefit American taxi Providing a loan of $ 2.26 billion.
Lithium Americans issued a statement on Wednesday, discussing the state of negotiations with the Ministry of Energy and its joint partner in GM on the first withdrawal of the loan and related conditions.
The clay mixture from which the lithium will be extracted by a Li -America spokesman. (Caroline Cole / Los Angeles Times via / Getty Pictures)
The researchers say that Arkansas may have 19 million tons of lithium crucial for battery energy
| index | protection | last | Changing | % Change |
|---|---|---|---|---|
| Lacker | Lithium Argentina | 5.91 | +2.83 |
+92.35 % |
| General Motors | General Motors Company. | 59.70 | +1.11 |
+1.90 % |
The company said: “The topics of these discussions include some of the previous conditions to take advantage of the Ministry of Energy’s loan and the details of the loans associated with them, in addition to additional requests from the Ministry of Energy for more potential conditions for drawing and/or possible amendments to the Ministry of Energy loan and related transactions documents, including the corresponding consideration.”
Li -Terctin’s statement concluded that “the company continues to work with the Ministry of Energy and GM regarding proposals for an acceptable decision for both parties.”
China struck Tesla, the United States in the African lithium rush
General Motors is the joint partner of Li -Terium Americans in the project. (Paul Hennessy/SOPA Images/Lightroctic via/Getty Images)
After the news, the American lithium The shares are almost doubled On Wednesday, it rose to $ 6.25 per share, which is the highest price during the share since April 2024, according to Dow Jones market data.
Thacker Pass is located in a remote area in the north of Nevada. (Caroline Cole/Los Angeles Times via Getti Emaiz)
The stock has since reduced some of these gains, trading about $ 6.12 per share from early in the afternoon, which will represent a profit of 99 % in the trading session on Wednesday. Over the past five days, the stock has increased by approximately 85 % – although it increased by 115 % last month and 147 % last year.
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Edward Lawrence in Fox Business contributed to this report.
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