Lithium Americas Shares Double as US Is Said to Seek Stake

Lithium orePhotographer: Dado Galdieri/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Mark Burton and Doug Alexander

September 24, 2025 at 11:46 AM UTC

Updated on

September 24, 2025 at 3:00 PM UTC

Lithium Americas Corp. shares soared to the highest price since April 2024 on Wednesday after reports the Trump administration is pursuing a stake in the company.

The White House proposed taking equity in the Canadian lithium company during a renegotiation of the terms of a $2.3 billion loan extended by the Energy Department, Bloomberg News reported Tuesday. That followed an earlier Reuters report that the administration was seeking a stake of as much as 10%.