Trump Administration Is Said to Seek Stake in Lithium Americas

The US is seeking an equity stake in Lithium Americas Corp. as it renegotiates terms of a $2.3 billion Energy Department loan, according to people familiar with the matter.

Reuters reported earlier Tuesday that the administration was seeking as much as a 10% stake in Lithium Americas, whose Thacker Pass mine in Nevada is one of the largest lithium deposits in the US. Shares of the Vancouver-based company almost doubled in postmarket trading in New York.

Taking an equity stake in Lithium Americas would be the latest example of the Trump administration intervening in the US economy in a bid ...