DOE Takes 5% Stakes in Lithium Americas and GM Joint Venture to Expand U.S. Role in EV Battery Supply

The U.S. Energy Department secured 5% equity stakes in Lithium Americas and its GM joint venture as part of a $2.26 billion loan renegotiation. The move supports domestic lithium supply through the Thacker Pass mine, expected to power 800,000 EVs annually. Lithium Americas shares surged 34% after the announcement.