Lithium Americas stock surged over 100% after the Trump administration proposed taking an equity stake in the Canadian mining company. This comes as the company renegotiates a $2.2 billion loan from the Department of Energy for its Thacker Pass lithium mine in Nevada, a crucial project for US EV battery production. The White House aims to secure a small equity stake in exchange for extending loan repayment terms, mitigating taxpayer risk. While a deal isn't finalized, discussions are positive and could require Canadian government approval.

Prepared by Christopher Adams and reviewed by editorial team.