The U.S. government is taking a minority stake in Lithium Americas, a company that is developing one of the world's largest lithium mines in northern Nevada.
The Department of Energy will take a five per cent equity stake in the miner, which is based in Vancouver. It will also take a five per cent stake in the Thacker Pass lithium mining project, a joint venture with General Motors.
Shares of Lithium Americas spiked more than 33 per cent before the opening bell Wednesday.
U.S.
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