Lithium Americas stock jumped 90% after Trump confirmed the U.S. will buy a 10% stake in the company

Lithium Americas stock exploded late Tuesday after President Donald Trump revealed plans for the ￰0￱ to buy a 10% stake in the lithium firm, according to ￰1￱ stock shot up almost 90% in after-hours trading, jumping from around $3 to $5.54. The government’s buy-in is part of a wider move by Trump to renegotiate the terms of a massive $2.26 billion loan tied to the company’s Nevada-based Thacker Pass ￰2￱ officials are using the deal as leverage to grab ￰3￱ Thacker Pass lithium mine, under construction for the past year, is being pitched as a cornerstone of ￰4￱ to secure its battery supply ￰5￱ site, located roughly 25 miles south of Nevada’s border with Oregon, is expected to become the largest lithium source in the Western Hemisphere when it starts production in ￰6￱ than 600 workers are currently at the ￰7￱ ties government cash to direct ownership The proposed stake follows Trump’s playbook of pushing federal cash into sectors his administration sees as vital to national ￰8￱ includes earlier moves into Intel and MP ￰9￱ time, it’s Lithium Americas, a company valued at about $750 million, that’s in the crosshairs.

“President Trump supports this ￰10￱ wants it to succeed and also be fair to taxpayers,” said a White House official. “But there’s no such thing as free money.” The original 24-year loan, set up by the Department of Energy’s Loan Programs Office, was signed off under President Joe ￰11￱ comes with interest tied to the ￰12￱ ￰13￱ Americas was scheduled to draw the first tranche earlier this month, but talks were put on pause after Trump officials raised red flags about the company’s ability to repay, citing low lithium prices triggered by China’s ￰14￱ equity demand came up during discussions about changing the amortization schedule, not the interest or total ￰15￱ response, Lithium Americas offered no-cost warrants equal to 5% to 10% of its shares, plus funds to cover extra ￰16￱ government already built in safety triggers in the original loan ￰17￱ the project is delayed or goes over budget, Washington has options to take control of the ￰18￱ House pushes GM to give up project control General Motors , which owns a 38% stake in Thacker Pass after investing $625 million last year, is also being dragged into the ￰19￱ currently has the exclusive right to purchase all the lithium from the mine’s first phase, and a share of phase two, for the next 20 ￰20￱ White House now wants a firm guarantee from GM to actually buy the lithium and is demanding that GM hand over parts of the project to federal ￰21￱ is treating the federal loan as essential to building out its electric vehicle battery supply chain.

“We’re confident in the project, which supports the administration’s goals,” said a GM ￰22￱ company added that Trump “strongly supported” the mine during his first ￰23￱ mine has long been treated as a rare point of agreement between Republicans and ￰24￱ in ￰25￱ to want to cut reliance on China, which produces over 40,000 metric tons of lithium per year and refines more than 75% of the world’s ￰26￱ contrast, the only ￰27￱ output right now is less than 5,000 metric tons, produced by Albemarle in ￰28￱ Pass’s first phase alone is expected to push out 40,000 metric tons of battery-grade lithium carbonate per year, enough to power 800,000 electric ￰29￱ of now, Lithium Americas says it’s still negotiating.

“We respect the LPO’s decision to pursue a restructure and remain in active discussions with the Department of Energy and our partner, GM, and will provide an update at the appropriate time,” the company said in a ￰30￱ up to Bybit and start trading with $30,050 in welcome gifts