US government takes stake in Nevada lithium mine

The U.S. government is taking a minority stake in Lithium Americas, a company developing a major lithium mine in Nevada. The Department of Energy will acquire a 5% equity stake in the company and its Thacker Pass project, crucial for reducing U.S. reliance on China for lithium. This move is part of broader U.S. efforts to strengthen domestic supply chains for critical minerals, with the mine expected to produce significant amounts of lithium annually.