New Delhi, Sept. 24 -- The stock of Lithium Americas hit an all-time session high of over 100 per cent on Wednesday, reported CNBC. The stock's doubling was noted a day after it was reported that the Donald Trump administration is seeking an equity stake in this Vancouver-based company.

Reuters first reported the Trump administration's proposal. It suggested that the White House is eyeing an equity stake in Lithium Americas, which is renegotiating terms of a $2.26 billion loan from the Department of Energy for the development of the Thacker Pass mine in Nevada.

An official of the Trump administration revealed to CNBC that the deal has not been finalized yet. However, the White House is positive about the discussions.

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