05:16 PM EDT, 09/23/2025 (MT Newswires) -- The Trump Administration is looking for up to a 10% stake in Lithium Americas ( LAC ) as it reviews the company's $2.26 billion Energy Department loan terms for its Thacker Pass lithium project with General Motors ( GM ) , Reuters reported Tuesday, citing sources.

The loan with a 24-year term was closed by Biden Administration officials last year. As Lithium Americas ( LAC ) was preparing to make its first draw this month, Trump officials planned to renegotiate the terms, citing concerns about the company's ability to repay, due to low lithium prices, people familiar with the matter told Reuters.

General Motors ( GM ) has the right to purchase the project's lithium from phase 1 and a portion from phase 2 for 20 years, although Trump officials are now seeking a guarantee that the company will buy the metal, sources told the media outlet.

In response to the equity request and to close the loan for funding, Lithium Americas ( LAC ) offered the government no-cost warrants this week, which would equate to up to 10% of its common shares. Trump officials are also urging General Motors ( GM ) to give up its control over parts of the project and transfer them to Washington, one of the sources told Reuters.

Lithium Americas ( LAC ) and the White House did not immediately respond to requests for comments from MT Newswires.

Lithium Americas ( LAC ) shares rose by 73.5% during after-hours trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)