$LAC

President Donald Trump said the US will invest $3bn in critical minerals and battery projects to expand domestic production for defence and industrial policy. He announced a $1.4bn conditional DoD loan to Sila Nanotechnologies, $400m to Sunrise Energy Metals, and $150m to Niron Magnetics, plus $58m in Ex-Im Bank lending to several firms. The article also cites $100m in DOE mining-school grants and $80m in Pentagon school funding.

The Trump administration said it will invest $3 billion in US critical-minerals projects to support defense supply. The Pentagon’s Office of Strategic Capital plans conditional loans of $1.4B to Sila Nanotechnologies, $400M to Sunrise Energy Metals, and $150M to Niron Magnetics. The Export-Import Bank will lend $58M to several firms, while DOE and Pentagon grants target mining education.

President Trump said the U.S. will invest $3 billion in critical minerals and battery projects to expand domestic production and defense supply chains. He announced Defense Department conditional loans: $1.4B to Sila Nanotechnologies, $400M to Sunrise Energy Metals, and $150M to Niron Magnetics. Export-Import Bank loans total $58M to Westwater Resources, Global Advanced Metals and 5E Advanced Materials.

Trump said the US will invest $3 billion in critical minerals and battery projects to boost domestic production and national security. The Pentagon’s Office of Strategic Capital will provide conditional loans: $1.4B to Sila Nanotechnologies, $400M to Sunrise Energy Metals, and $150M to Niron Magnetics. Export-Import Bank loans include $58M to Westwater Resources, Global Advanced Metals, and 5E Advanced Materials.

Lithium Americas (TSX:LAC) said it signed a securities purchase agreement with YA II PN, an affiliate of Yorkville Advisors Global, for up to US$175 million (C$248.9 million) via subordinated convertible debentures. The funding comes after a US$2.23 billion DOE loan and investments including General Motors. Thacker Pass phase one targets 40,000 tonnes/year of battery-grade lithium carbonate, with late-2027 mechanical completion.

LITHIUM AMERICAS CORP. (LAC) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-10.1 3 d60367dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 Certain identified information in this Agreement denoted with “[***]” has been excluded from this exhibit pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both not material and of the type that the registrant

Canada’s TSX rose 181.56 points to 35,749.70 on Tuesday, led by tech and telecom. Celestica and TFI beat adjusted Q2 estimates, while miners and energy firms including First Quantum and Cardinal Energy are set to report after the bell. Brookfield raised about $2 billion for a Middle East-focused private equity fund. TSX Venture fell 2.3%.

The U.S. Defense Logistics Agency extended the bid deadline for a contract to supply battery-grade lithium carbonate for the National Defense Stockpile to Aug. 5 from July 30, after an initial July 17 deadline. The deal is worth up to $300 million for up to 16,167 tonnes over five years. Battery-grade prices fell to $19.25/kg from a mid-May peak of $25.15/kg, and supply is concentrated in China.

Lithium carbonate futures on China’s Guangzhou Futures Exchange fell to a five-month low of 136,800 yuan per tonne, then closed at 144,000 yuan, down 4.9% on Tuesday. Prices slid on fears restarted mines will drive oversupply in 2027, despite strong EV and energy storage demand. CATL’s Jianxiawo restart and other mine restarts add supply. Lithium equities and the Global X Lithium ETF also dropped.

Lithium Africa said it will nominate John Kanellitsas and Ernie Ortiz as directors for its Aug. 21 AGM, and that Robert Eckford will not seek re-election. Tyron Breytenbach, who left the board July 1, will remain as capital markets adviser. Ortiz led Lithium Royalty’s 2023 TSX IPO raising C$150 million and its March acquisition by Altius Minerals.