The US government accepts a minority share in Lithium Americas, a company that is developing one of the largest world mines in North Nevada.
The Ministry of Energy will take five percent of the shares in the shakter, which is based in Vancouver. It will also occupy five percent of the Tacker Pass Litthium Project shares, a joint venture with General Motors.
Lithium Americas shares increased more than 33 percent to the first call on Wednesday.
US Energy Minister Chris Wright stated in his statement that the deal with America’s lithium “helps to reduce our dependence on foreign opponents on critical minerals by strengthening internal supplies and provides the best management of American dollars of taxpayers.”
Thecker Pass is considered decisive to reduce the dependence of the United States on China on lithium, critical material used to produce high -tech batteries used in mobile phones, electric cars and renewable energy sources. Both Republicans and Democrats support the project and narrowing of the gap in production. China is the world's largest lithium processor.
The Thocer Pass is expected to produce 40,000 metric tons of lithium of carbonate of the quality of the battery per year at the first stage, which is enough to help feed 800,000 eV.
The share of shares in Lithium Americas is the last example of direct intervention of the Trump administration with private companies.
The government receives a 10 percent share in Intel by transforming billions into previously provided state funds and promises.
The administration spent 400 million US dollars on taxpayer money in July on MP materials to make the US government the largest owner in Las Vegasa rarely.
Trump also made a deal with NVIDIA and AMD to give the US government a reduction in income from the sale of certain chips to China.
182 million dollars. USA, postponed
On Wednesday, Lithium Americas said that in principle, in principle, she concluded an agreement on not connecting with DOE in order to promote the first draw in the amount of 435 million US dollars on a federal loan. The Ministry of Energy agreed to save 182 million US dollars for debt services during the first five years of the loan.
The White House and the Canadian lithium of America, apparently, moved forward with the deal at the end of last month, since both parties agreed with the changes in the federal loan in the United States about $ 2.3 billion, which would allow the project to move forward to extract silver metal used in electric vehicles.
GM promised more than 900 million US dollars to help develop the Thicker Pass, which has a sufficient amount of lithium for the construction of a million electric vehicles per year.
Dan IVS, an analyst with Wedbush, said that Thacker Pass is a “huge opportunity” for the United States to reduce his dependence on China and other foreign opponents on lithium.
“Despite the fact that they had some of the largest deposits, the United States produced less than one percent of the global lithium supply, but this deal helps to reduce dependence on foreign opponents on critical minerals, strengthening the chains of internal offers and ensuring the best management of American taxpayers, and the production of lithium, established exponentially in the next years,” he wrote.
