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Benzinga
Benzinga
Business
Alex Perry

Why Is Lithium Americas Stock Surging Wednesday?

Lithium Americas lithium DOE America Lithium Americas Corp Mining United States
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Shares of Lithium Americas Corp. (NASDAQ:LAC) jumped Wednesday after the company shared that the U.S. Department of Energy (DOE) took a 5% stake in the mining company. The DOE also gave Lithium Americas a critical approval on a previously announced loan.

What To Know: Lithium Americas’s stock is up about 24% on Wednesday, according to Benzinga Pro. The rise extends a week-long upward swing in the stock, driven by reports of a potential government deal.

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