On Wednesday, 2025-10-03, Lithium Americas Corp. announced that the U.S. Department of Energy had taken a 5% equity stake in the company. This move follows the DOE’s $2.26 billion loan for the Thacker Pass lithium project, positioning the federal government as a minority shareholder in the miner.
In addition to the company stake, the DOE also acquired a 5% economic interest in the Thacker Pass joint venture with General Motors. The joint venture, which owns 62% of the project, will now have a 5% DOE share, giving the government a direct say in the project’s operations and future financing.
The announcement underscores the U.S. government’s commitment to securing domestic lithium supply chains and may provide additional de‑risking for investors. By holding a minority stake, the DOE can influence project milestones while still allowing private capital to drive development. The move is expected to strengthen Lithium Americas’ position as a key player in the North American EV battery market.
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