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US Weighing Record $1 Billion Loan for Massive Lithium Mine in Nevada
- Thacker Pass was opposed by environmental, tribal groups
- Loan would represent roughly half the cost of mining project
The Biden administration and Lithium Americas Corp. are negotiating the terms of an agreement that would fund more than half of the cost of the Thacker Pass mine in Nevada.
Photographer: Rick Bowmer/APThis article is for subscribers only.
The US Energy Department is in talks to lend a record $1 billion to the developer of one of the country’s largest lithium deposits in a push to build out a domestic supply of critical minerals.
The Biden administration and Lithium Americas Corp. are negotiating the terms of an agreement that would fund more than half of the cost of the Thacker Pass mine in Nevada, according to a person familiar with the matter who asked not to be identified discussing confidential information.