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Barchart
Aditya Raghunath

As Lithium Americas Stock Doubles on Trump Stake Bid, Is It Too Late to Buy LAC?

Donald Trump Lithium Americas LAC lithium America Mining United States Department of Energy General Motors

Lithium Americas (LAC) stock almost doubled on Wednesday after news broke that the Trump administration is pursuing an equity stake in the Canadian mining company. LAC stock rose by 95% to $6.01, hitting session highs above $6.23 as investors digested the potential government partnership. Today's session is seeing LAC stock once again hit new highs at around $7 with a year-to-date (YTD) gain of over 140%.

The proposed equity investment comes as Lithium Americas renegotiates the terms of a $2.2 billion Department of Energy loan for its Nevada-based Thacker Pass project, which is expected to become one of North America's largest lithium sources by late 2027.

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