Lithium Americas (LAC) Stock Skyrockets ~100% as U.S. Eyes Stake – What’s Next for Thacker Pass?
Lithium Americas Corp shares jumped 96% to $6.01 on September 24 after reports the U.S. government may take a 10% stake in its Thacker Pass project. The Department of Energy is renegotiating terms of a $2.26 billion loan, with a possible federal equity stake under discussion. Trading volume hit 289 million shares, far above average. GM owns 38% of Thacker Pass and has rights to its initial lithium output.