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Why Lithium Americas Stock Almost Doubled Today

TheMotleyFool

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Why Lithium Americas Stock Almost Doubled Today: https://g.foolcdn.com/editorial/images/834940/smiling-mine-worker-in-front-of-a-heavy-excavator-at-a-mining-operation.jpg

Lithium Americas (NYSE: LAC) stock soared 90.9% through 10 a.m. ET this morning after Reuters reported the start-up miner of lithium for electric car batteries may be in line for a big investment from the U.S. government.

Image source: Getty Images.

The U.S. government wants to "renegotiate" a $2.3 billion loan to Lithium Americas to help the latter get its Thacker Pass Lithium mine up and running, says Reuters. In exchange for the funds, the Trump administration apparently wants a 10% stake in the miner.

Source Fool.com