US Re-Evaluating $2.3 Billion Loan for Nevada Lithium Mine
Thacker Pass in Nevada, where permits were approved for a lithium mine proposed by Lithium Americas Corp.
Photographer: Carolyn Cole/Los Angeles Times/Getty ImagesThe Trump administration is re-evaluating a $2.3 billion loan approved by President Joe Biden for the development of a Nevada lithium deposit, according to people familiar with the matter who asked not to be named discussing internal business.
The record-high loan to Lithium Americas Corp., finalized in 2024, would have provided most of the capital for the construction of a processing plant adjacent to the company’s Thacker Pass mine, on one of country’s largest lithium deposits.