Trump moves toward deal to give US an equity stake in company developing Nevada lithium mine

WASHINGTON (AP) — The White House is moving forward with a deal that would allow the U.S. government to take a small equity stake in a Canadian company that is developing one of the world’s largest lithium mines. The Department of Energy and Lithium Americas, developer of the proposed Thacker Pass lithium mine and processing plant in Nevada, have agreed on changes to a $2.3 billion federal loan that could allow the project to move forward to extract the silver-white metal used in electric vehicle batteries. The proposed equity stake in Vancouver-based Lithium Americas is the latest example of President Donald Trump’s administration intervening directly in private companies.

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