Shares of Lithium Americas Corp (NYSE: LAC) are falling sharply Monday afternoon, giving back a portion of last week's gains. The stock is pulling back as investors take profits on the recent surge, which was fueled by news of a potential U.S. government investment.
What To Know: Last week, the stock soared following reports that the government is considering a renegotiated $2.26 billion loan from the Department of Energy, which could include taking a significant equity stake in the company. This funding is aimed at developing the Thacker Pass mine in Nevada, a project in which General Motors holds a 38% stake.
