U.S. government takes stake in lithium mining company in Nevada
CBS News · Just In
CBS News
Just In
The U.S. government is taking stake in yet another company, and this time it's a mining company. Lithium Americas is currently developing one of the world's largest lithium mines in northern Nevada.
Breakdown
- The U.S. government has taken a 5% equity stake in Lithium Americas' Nevada mining project. 13s
- Thacker Pass is the largest lithium deposit in the U.S. and will process lithium on site. 52s
- The mine's first phase is expected to produce enough lithium for 800,000 electric vehicles annually. 1m 25s
- The move aims to reduce U.S. reliance on foreign lithium supplies, especially from China. 1m 54s
- Environmental and Indigenous groups have raised concerns about the project's impact. 2m 36s