White House Seeks Stake in Canadian Lithium Miner

September 25, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Lithium Americas' (Vancouver, British Columbia) Thacker Pass lithium mine in Nevada was given the green light to proceed by the U.S. Bureau of Land Management in 2021, under the first administration of U.S. President Donald Trump. In 2024, the Biden-era Department of Energy (DOE) approved a $2.26 billion loan for the nearly $3 billion project. However, a renegotiation of the loan's terms has reportedly prompted the government to obtain a stake in the Canadian mining company. As Lithium Americas and its partner in the mine, General Motors Company (Detroit, Michigan), which holds a 38% stake in Thacker Pass, prepared to take the first draw on the DOE's loan, the White House and mine developers ended up back at the negotiating table