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

2025-10-01 8 Dailymotion

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.

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