Key Points
As previously reported on The Drill Down, Lithium Americas, the foreign company planning to mine lithium in Nevada —isn’t American at all. The company’s largest shareholder is a Chinese enterprise led by known CCP members called “Ganfeng.”
Democratic governor Steve Sisolak in September 2020 approved $8.5 million in tax abatements for Lithium Americas (a Canadian company); they intend to mine tens of thousands of tons of lithium. Sen. Catherine Cortez Masto is also championing the mine, clearing the way for China.
During a recent episode of The Drill Down podcast, co-host Eric Eggers went off on Lithium Americas.
“That mine in Nevada is called ‘Lithium Americas’…of course it’s going to be an American mine, right? —NO IT’S NOT. It’s a Canadian company and the largest shareholder is actually a Chinese company.”
Listen to the clip above. Read our previous reporting here: THE CCP’S LITHIUM PLAY: Nevada Dems Back Mine That Will Enrich Our Biggest Enemy.