US Stock Market Move | Lithium (LAC.US) plummeted by over 14%, suggesting possible changes in the US government's investment plan.
On Friday, Lithium (LAC.US) dropped over 14%, after soaring 140% in the previous two trading days. Technical correction pressure is evident.
On Friday, Lithium (LAC.US) plummeted over 14%, after skyrocketing 140% in the previous two trading days, showing technical pressure for a pullback. According to market reports, U.S. Energy Corp. is considering restructuring its $2.3 billion loan to Lithium Americas. Analysts at Canada National Bankshares, Inc. in the financial markets suggest that the most likely scenario is for the issuance of 5% to 10% of warrants to the United States, involving the company or its sole project in Nevada. Earlier on September 24th, media reported that the Trump administration sought to acquire up to 10% stake in Lithium Americas as part of renegotiating the $2.26 billion loan from U.S. Energy Corp.
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