US Re-Evaluating $2.3 Billion Loan for Nevada Lithium Mine

The 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.

The Energy Department’s review of the financing comes after Greg Beard, a senior advisor in the Loan Programs Office, warned that the ...