News Summary

• The U.S. government is taking a minority stake in Lithium Americas, a company that is developing one of the world’s largest lithium mines in northern Nevada.
• The Department of Energy will take a 5% equity stake in the miner, which is based in Vancouver.
• Thacker Pass is considered crucial in reducing U.s. reliance on China for lithium, a critical material used to produce the high tech batteries used in cell phones, electric vehicles and renewable energy.
• Both Republicans and Democrats support the project and narrowing the production gap.