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Lithium Americas stock soars 95% on news of potential government stake

Lithium Americas (LAC) stock soared on Wednesday, rising 95% after news reports that the Trump administration is looking to take a stake in the operator of what is set to be the largest lithium mine in the country. On Tuesday evening, Reuters reported that the administration is seeking a stake of up to 10% in Vancouver, British Columbia-based Lithium Americas as part of renegotiations for a $2.26 billion loan the company received from the Department of Energy for its Thacker Pass lithium mine. The report ...