Lithium Americas Corp ( LAC ) shares are surging in extended trading on Tuesday following reports that the U.S. government will invest in the company.

What Happened: The U.S. government has agreed to take a 5% stake in Lithium Americas ( LAC ) to help support the company as it develops the Thacker Pass lithium project in Nevada, according to Bloomberg.

The deal comes after the Trump administration announced a $400 million investment in MP Materials in July in an effort to shore up the domestic supply chain for critical metals used in multiple industries. The investment in Lithium Americas ( LAC ) is the administration’s latest move to reduce foreign dependency in the rare earth supply chain.

Lithium Americas ( LAC ) shares surged last week after the company confirmed it was in discussions with the U.S. government and General Motors. GM owns a 38% stake in the Thacker Pass project.

How To Buy LAC Stock

Besides going to a brokerage platform to purchase a share — or fractional share — of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For Lithium Americas ( LAC ), it is in the Materials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

LAC Price Action: Lithium Americas ( LAC ) shares were up 31.70% in after-hours Tuesday, trading at $7.52 at the time of publication, according to Benzinga Pro.

Read Next:

Trump Warns Of ‘Irreversible’ Consequences As Shutdown Chances Reach 85% On Polymarket