The Vancouver-based lithium company said that it can now fund the lion’s share of its Thacker Pass project in Nevada to process lithium for up to 800,000 electric-vehicle batteries yearly, thanks to the conditional Advanced Technology Vehicles Manufacturing Loan Program. (The Logic)

Talking point: The U.S. government said the loan to the GM-backed firm will reduce “reliance on economic competitors like China.” The country is racing to develop resources in Nevada, which is home to its largest lithium deposit. Lithium Americas has faced some pushback from Indigenous groups who said they were not adequately consulted, more recently from the Reno-Sparks Indian Colony and Summer Lake Paiute Tribe. The company said it has reached a community benefits agreement with the Fort McDermitt Paiute Shoshone Tribe. Shares of Lithium Americas closed up more than five per cent on the Toronto Stock Exchange.