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Lithium Americas soars after report Trump admin mulling stake

ReutersSep 24, 2025 9:59 AM

** U.S.-listed shares of Lithium Americas LAC.N jump 64.5% to $5.05 in premarket trading

** Reuters reported on Tuesday that the Trump administration is seeking an equity stake of as much as 10% in LAC as part of talks over a $2.26 bln government loan for co's Thacker Pass lithium mine

** Nevada-based mine expected to be Western Hemisphere's largest source of lithium

** The Trump administration has recently been acquiring stakes in U.S. companies, the latest being Intel INTC.O and MP Materials MP.N

** LAC had split its North American and Argentine businesses in November to boost focus on the mine

** Four brokerages rate the stock "buy" or higher and six rate it "hold", median PT at $4.75 - data compiled by LSEG

** Stock has gained about 3% YTD, till last close

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