Lithium Americas stock gains after report of expected $2B government loan

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Lithium Americas (NYSE:LAC) jumped 9% in after-hours trading on a report that the Biden administration is set to lend the company $2 billion for its lithium mine in Nevada.

The conditional loan commitment could come as soon as Thursday, according to a Bloomberg report on Wednesday, which cited a person familiar with the matter. The funding will come from the U.S. Department of Energy and will help finance the construction of a lithium carbonate processing plant.

The post Lithium Americas stock gains after report of expected $2B government loan first appeared on Investorempires.com.

 

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