Lithium Americas Stock Soars on Government ‘White Gold’ Deal – Can the Rally Last?
Government Stake Fuels a Lithium Americas Rally Shares of Lithium Americas exploded to multi-year highs in late September after news broke that Washington was eyeing an equity stake in the company. On Sept. 24, Reuters reported that the Trump administration (in negotiations over a DOE loan) was considering taking up to a 10% ownership of LAC reuters.com. The market reaction was immediate – LAC closed that day at C$8.37 in Toronto (~US$6.03 in New York) after jumping almost 90% in one session reuters.com reuters.com. This marked a stunning reversal for a stock that had languished near all-time lows (around $2–3)