U.S. Energy Dept Takes 5% Stake in Lithium Americas, Shares Spike 23%
LAC•The U.S. Department of Energy acquired a 5% equity stake in Lithium Americas Corp on September 30, 2025, driving a 23.3% one-day gain. LAC shares peaked at $10.51 in mid-October and now trade at $5.05, marking a 52% decline from the post-stake high.
1. DOE Acquires 5% Stake
On September 30, 2025, the U.S. Department of Energy purchased a 5% equity stake in Lithium Americas Corp, signaling strategic support for domestic lithium production. This announcement triggered a 23.3% jump in LAC share price during the trading session.
2. Stock Performance Trends
Following the initial surge, LAC shares climbed to an intraday high of $10.51 in mid-October but have since retreated to $5.05 as of early June 2026. The 52% drop from the post-stake peak reflects broader sector volatility and challenges in scaling lithium extraction projects.
