The United States takes a stake in another company, and this time a large Li -Lithium mine Mining news

Lithium for the American -based Americas is developing one of the largest lithium mines in the world in the north of Nevada.

The United States government takes a minority stake in Lithium Americas, a company that develops one of the world’s largest lithium mines in the north of Nevada.

The Ministry of Energy will take a 5 percent stake in MINER, which is based in Vancouver. It will also take a 5 percent stake in the Thacker Pass Lithium Mining project, a joint project with General Motors.

Thacker Pass is very important in reducing American dependence on China for Lithium, a critical material used to produce high -tech batteries used in mobile phones, electric cars and renewable energy. Both Republicans and Democrats support the project and narrow the production gap. China is the largest lithium processor in the world.

US Energy Minister Chris Wright said in a statement that the deal with the lithium Americas “helps to reduce our dependence on foreign opponents of critical minerals by strengthening local supply chains and ensuring better supervision of US taxpayers.”

Thacker Pass is expected to produce 40,000 tons of lithium carbonate with battery quality annually in its first stage, which is enough to help operate 800,000 electric cars.

The share of stocks in Lithium America is the latest example of direct intervention by the administration of President Donald Trump in private companies. The government gets a file 10 percent stake in Intel By transferring billions in the previously granted governmental pledges and pledges. The administration spent $ 400 million of taxpayer money in July on MP shares to make the United States the largest owner of Rare Earths in Las Vegas. Trump also concluded a deal with Nvidia and AMD to give the US government Reducing 15 percent of revenues From selling certain chips to China.

Lithium Americans said on Wednesday that it had reached an unusive agreement in principle with the Ministry of Energy to pay the first withdrawal of $ 435 million on the Federal loan. The administration agreed to postpone $ 182 million of debt service over the first five years of the loan.

“Huge opportunity”

It seems that the White House and the American Lithium in Canada are moving forward with the deal at the end of last month, as both parties agreed on the changes on a federal loan of about $ 2.3 billion that can allow the project to move forward to extract the silver white metal used in the batteries of electric vehicles. General Motors pledged more than 900 million dollars to help develop Thacker Pass, which carries enough lithium to build a million electric cars annually.

Dan Evz, an analyst at Wedbush, who is called Thacker “a huge opportunity” for the United States to reduce its dependence on China and other foreign opponents of al -Leithium.

“Despite the presence of some of the largest deposits, the United States produced less than 1 percent of global lithium supplies, but this deal helps reduce dependence on foreign opponents of critical minerals, enhance local supply chains and ensure better supervision of US taxpayers dollars with Li -bituinan production to grow significantly over the coming years.”

Lithium America’s shares increased by more than 30 percent on Wednesday.