Ever the financial innovator, President Donald Trump seems to be crafting a whole new type of convertible debt. Lithium Americas Corp., which is developing a mine atop the biggest lithium deposit in the US, is the guinea pig. By extension, a grand experiment may be about to begin in the the already weird lithium market.
Toward the end of former President Joe Biden’s administration, Lithium Americas received a $2.3 billion loan commitment from the Department of Energy to fund the majority of developing the first phase of its Thacker Pass project in Nevada. At the same time, General Motors Co. took a ...
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