The Trump administration is seeking a stake for the federal government as it renegotiates the terms of a loan for a major lithium project issued under the Biden administration, an official told The Hill on Wednesday.

The Trump administration is seeking an equity stake in the deal, the official said. They described the stake the government was seeking as very small and added that discussions on the specifics are ongoing.

The Biden administration announced last year that it would issue the $2.26 billion loan to support mineral processing at Thacker Pass, the site of a lithium mine that’s a joint venture between Lithium Americas and General Motors (GM).

The official said that federal interest in a stake comes amid talks over the loan repayment schedule. They framed the discussion as part o

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