U.S. government takes stake in Canadian lithium miner and its Nevada mining project
The U.S. Department of Energy has acquired equity stakes in the Canadian company Lithium Americas and its Nevada mining joint venture with General Motors. This move is part of a renegotiation of a federal loan. Under the new terms, the U.S. government will hold a 5% ownership in both Lithium Americas and the Lithium […] mining project in Nevada. This investment aims to secure the domestic supply of lithium, a critical mineral for electric vehicle batteries and other clean energy technologies. The partnership reflects the U.S. government's efforts to strengthen its position in the global lithium market and support the domestic production of this essential resource for the country's clean energy transition.
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