The Trump administration is seeking an equity stake in Lithium Americas as it renegotiates the company’s $2.26 billion federal loan for the Thacker Pass mine project in Nevada.

Reuters reported on Tuesday the White House is requesting as much as a 10% stake in the Canada-based mining company in exchange for a modification to the U.S. Department of Energy loan.

Thacker Pass, a massive proposed mine in Nevada's Humboldt County near the Oregon border, is expected to become one of the largest sources of lithium in North America once operational. The project is a joint venture between Lithium Americas and General Motors.

Lithium Americas confirmed on Wednesday it was in discussions with the DOE and General Motors over the Thacker Pass loan, adding the company is working toward “a mut

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