Lithium Americas has offered Trump administration no-cost warrants that would equate to 5% to 10% of Company’s common shares, one source says
Info via Reuters, in summary:
Thacker Pass, backed by GM with a $625 million investment and a 38% stake, is expected to become the largest lithium source in the Western Hemisphere when it begins production in 2028. The mine is viewed as crucial for U.S. supply chain security and reducing reliance on China, which dominates lithium refining.
Officials argue taxpayers should benefit from the project, especially amid concerns about Lithium Americas’ ability to repay given weak prices caused by Chinese oversupply. Alongside equity, Trump aides want GM to guarantee long-term offtake purchases and possibly relinquish some project control to Washington. Negotiations remain ongoing, with Lithium Americas and GM stressing their confidence in the project’s national importance.
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