Murray Wood: Who's hot... and who's not
Every Friday, Murray Wood takes a look at the week's news and decides who's not, and who's not. This week's list induces...
VANCOUVER — Shares in Lithium Americas Corp. almost doubled in price Wednesday after it said it’s in talks with the U.S. Department of Energy about drawing on its US$2.26-billion loan from the U.S. government.
The Toronto-listed company made the comments after a report by Reuters that the U.S. government may take a stake in the firm.
Shares in the company closed up $4.13 or almost 98 per cent at $8.35 Wednesday on the Toronto Stock Exchange.
Lithium Americas says its talks with the U.S. Department of Energy include the conditions to draw on its loan and associated loan specifics, as well as incremental requests for potential further conditions.
The company says it continues to work with the U.S. Department of Energy as well as development partner General Motors toward an agreement.
Lithium Americas is developing the Thacker Pass lithium project in Nevada. It is the manager of the project and holds a 62 per cent stake, while General Motors owns a 38 per cent interest.
This report by The Canadian Press was first published Sept. 24, 2025.
Companies in this story: (TSX:LAC)
The Canadian Press
