US to Take Stake in Lithium Americas to Boost Nevada Project

The US government agreed to acquire a stake in Lithium Americas Corp., giving a boost to the Canadian company as it develops its Thacker Pass lithium project in Nevada.

The US will take a 5% equity stake in the Vancouver-based company and a 5% stake in its Thacker Pass mining project, the largest lithium deposit in the country. The company also reached an accord with the Department of Energy to draw on a previously agreed upon $2.23 billion loan.