US to Take Stake in Lithium Americas to Boost Nevada Project

The US government has agreed to acquire a stake in Lithium Americas Corp., a Canadian company, to support the development of its Thacker Pass lithium project in Nevada. The move is aimed at boosting domestic lithium production, which is crucial for the country's transition to electric vehicles and renewable energy storage. The investment, announced by Secretary of Energy Chris Wright, will provide financial assistance to Lithium Americas as it works to bring the Thacker Pass project online. The project is expected to become one of the largest lithium mines in the United States, with the potential to produce key materials for the growing electric vehicle and energy storage industries. The partnership between the US government and Lithium Americas is part of a broader effort to strengthen the country's critical mineral supply chains and reduce reliance on foreign sources of these vital resources. The investment is seen as a strategic move to support the nation's clean energy and transportation goals.